Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2895.52 per ounce, trading appears in an upward trend 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 a price of $ 2881.94 per ounce, and target the area of $ 2871.18 per ounce to reap profits, with the area of $ 2911.52 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buying zone of $2911.52 per ounce is broken, the price may head to the $2922.28 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2899.12
- First resistance: 2897.45
- Pivot level: 2895.85
- First support: 2893.44
- Second support: 2891.60
