Gold Technical Analysis XAUUSD Gold closed last week on the rise at a price of $ 2647 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 $ 2642 per ounce, and target the $ 2634 per ounce area to reap profits, with the $ 2656 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2656 per ounce buying zone is broken, the price may head to the $2662 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2657
- First Resistance: 2652
- Pivot Level: 2647
- First Support: 2642
- Second Support: 2636
