Gold Technical Analysis XAUUSD The price of gold is trading today at $2480 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 a negative trend
Accordingly, we can look to sell from the decline to $2473 per ounce, and target the $2462 per ounce area to reap profits, with the $2493 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2493 per ounce buying zone is broken, the price may head to the $2501 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2482.50
- First Resistance: 2481.90
- Pivot Level: 2481.11
- First Support: 2480.12
- Second Support: 2479.55
