Gold Technical Analysis XAUUSD: Downtrend

Gold Technical Analysis XAUUSD The price of gold is trading today at $2735 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 case of buying, we will wait for the drop to $2729 per ounce, and target the $2743 per ounce area to reap profits, with the $2722 per ounce area as a stop loss.

Gold Technical Analysis XAUUSD: On the other hand

On the other hand, if the selling area of ​​$2722 per ounce is broken, the price may head to the $2716 per ounce area.

Gold Technical Analysis XAUUSD

Gold Technical Analysis XAUUSD: Resistance and Support Levels

  • Second Resistance: 2746
  • First Resistance: 2741
  • Pivot Level: 2736
  • First Support: 2731
  • Second Support: 2726
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