Gold Technical Analysis XAUUSD: The price of gold is trading today at a price of $ 2640 per ounce, trading appears at the beginning of an upward trend as the price of gold is trading above most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a weak positive trend
Accordingly, in the case of buying, we will wait for the rise to a price of $ 2647 per ounce, and target the $ 2656 per ounce area to reap profits, with the $ 2628 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2628 per ounce is broken, the price may head to the $2620 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2653
- First Resistance: 2647
- Pivot Level: 2641
- First Support: 2635
- Second Support: 2630
