Gold Technical Analysis XAUUSD :The price of gold is trading today at $2582 per ounce, trading appears in a downward 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 $2572 per ounce, and target the $2560 per ounce area to reap profits, with the $2597 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2597 per ounce buying zone is broken, the price may head to the $2610 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2593
- First resistance: 2588
- Pivot level: 2583
- First support: 2578
- Second support: 2573
