Gold Technical Analysis XAUUSD :The price of gold is trading today at a price of $ 2572 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 $ 2560 per ounce, and target the $ 2547 per ounce area to reap profits, with the $ 2591 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buying zone of $2591 per ounce is broken, the price may head to the $2603 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2583
- First resistance: 2577
- Pivot level: 2573
- First support: 2567
- Second support: 2563
