Gold Technical Analysis XAUUSD: The price of gold is trading today at $2625 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 $2616 per ounce, and target the $2600 per ounce area to reap profits, with the $2641 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buying zone of $2641 per ounce is broken, the price may head to the $2650 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2637
- First resistance: 2631
- Pivot level: 2626
- First support: 2621
- Second support: 2626
