Gold Technical Analysis XAUUSD : Gold decline

Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2607 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 $ 2602 per ounce, and target the $ 2594 per ounce area to reap profits, with the $ 2616 per ounce area as a stop loss.

Gold Technical Analysis XAUUSD: On the other hand

On the other hand, if the $2616 per ounce buying zone is broken, the price may head to the $2620 per ounce area.

Gold Technical Analysis XAUUSD

Gold Technical Analysis XAUUSD: Resistance and support levels

  • Second resistance: 2618
  • First resistance: 2613
  • Pivot level: 2608
  • First support: 2603
  • Second support: 2598
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