Gold Technical Analysis XAUUSD The price of gold is trading today at $2604 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 $2599 per ounce, and target the $2594 per ounce area to reap profits, with the $2609 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2609 buy zone per ounce is broken, the price may head to the $2613 zone per ounce.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2613
- First Resistance: 2609
- Pivot Level: 2604
- First Support: 2600
- Second Support: 2595
