Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2875.59 per ounce, trading appears in a downward trend as the price of gold is trading under 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 $ 2863.64 per ounce, and target the area of $ 2848.69 per ounce to reap profits, with the area of $ 2889.79 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2889.79 buy zone per ounce is broken, the price may head to the $2901.00 zone per ounce.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2892.38
- First Resistance: 2887.24
- Pivot Level: 2879.07
- First Support: 2873.93
- Second Support: 2865.76
