Gold Technical Analysis XAUUSD :closed last week on the rise at a price of $ 2561 per ounce, trading appears in a downward trend, as the price of gold is trading below the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a negative trend
Accordingly, we can look to sell from the decline to a price of $ 2551 per ounce, and target the $ 2535 per ounce area to reap profits, with the $ 2578 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2578 per ounce buying zone is broken, the price may head to the $2589 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2572
- First Resistance: 2567
- Pivot Level: 2562
- First Support: 2556
- Second Support: 2551
