Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2636 per ounce, trading appears in a weak upward trend as the price of gold is trading above most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a weak positive trend
Accordingly, in the event of a sale, we will wait for a drop to a price of $ 2631 per ounce, and target the $ 2622 per ounce area to reap profits, with the $ 2646 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2646 per ounce is broken, the price may head to the $2652 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2647
- First resistance: 2642
- Pivot level: 2637
- First support: 2631
- Second support: 2626
