Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2645 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 $ 2642 per ounce, and target the $ 2637 per ounce area to reap profits, with the $ 2652 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD : On the other hand
On the other hand, if the $2652 per ounce buying zone is broken, the price may head to the $2655 per ounce area.
Gold Technical Analysis XAUUSD : Resistance and support levels
- Second resistance: 2655
- First resistance: 2650
- Pivot level: 2646
- First support: 2640
- Second support: 2635