Gold Technical Analysis XAUUSD The price of gold is trading today at $2741 per ounce, trading appears in a downtrend as the price of gold is trading below most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a negative trend
Accordingly, in the event of a sale, we will wait for a drop to $2735 per ounce, and target the $2727 per ounce area to reap profits, with the $2750 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2750 per ounce buying zone is broken, the price may head to the $2756 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2751
- First resistance: 2747
- Pivot level: 2742
- First support: 2786
- Second support: 2731
