Gold Technical Analysis XAUUSD The price of gold is trading today at $2641 per ounce, trading appears in a downtrend as the price of gold is trading below most of the Moving Average indicators intersections, as for the MACD indicator, it indicates a negative trend
Accordingly, in the event of a sale, we will wait for a drop to $2634 per ounce, and target the $2625 per ounce area to reap profits, with the $2650 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2650 per ounce buy zone is broken, the price may head to the $2656 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2650
- First Resistance: 2646
- Pivot Level: 2641
- First Support: 2635
- Second Support: 2630
