Gold Technical Analysis XAUUSD :The price of gold is trading today at a price of $ 2595 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 $ 2583 per ounce, and target the $ 2570 per ounce area to reap profits, with the $ 2610 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2610 per ounce buy zone is broken, the price may head to the $2622 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2605
- First Resistance: 2600
- Pivot Level: 2595.20
- First Support: 2590
- Second Support: 2585
