Gold Technical Analysis XAUUSD Gold closed last week on the rise at a price of $ 2614 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 the emergence of a negative trend
Accordingly, we can look to sell from the decline to a price of $ 2610 per ounce, and target the $ 2603 per ounce area to reap profits, with the $ 2622 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2622 per ounce buying zone is broken, the price may head to the $2627 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2625
- First resistance: 2620
- Pivot level: 2615
- First support: 2610
- Second support: 2605
