Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2900.68 per ounce, trading appears in a downward trend as the price of gold is trading below 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 $ 2892.49 per ounce, and target the area of $ 2882.30 per ounce to reap profits, with the area of $ 2912.86 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2912.86 buy zone is broken, the price may head to the $2920.66 zone.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2904.00
- First Resistance: 2902.20
- Pivot Level: 2900.75
- First Support: 2898.25
- Second Support: 2896.55
