Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2913.02 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 a price of $ 2907.15 per ounce, and target the area of $ 2899.64 per ounce to reap profits, with the area of $ 2921.82 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2921.82 per ounce buy zone is broken, the price may head to the $2926.83 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2917.45
- First Resistance: 2915.30
- Pivot Level: 2913.50
- First Support: 2911.74
- Second Support: 2909.44
