Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2627 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 $ 2619 per ounce, and target the $ 2607 per ounce area to reap profits, with the $ 2641 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buying zone of $2641 per ounce is broken, the price may head to the $2650 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2638
- First resistance: 2634
- Pivot level: 2628
- First support: 2625
- Second support: 2620
