Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2456 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 a price of $ 2449 per ounce, and target the $ 2440 per ounce area to reap profits, with the $ 2466 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2466 per ounce buying zone is broken, the price may head to the $2471 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2458.20
- First Resistance: 2457.55
- Pivot Level: 2456.80
- First Support: 2455.70
- Second Support: 2454.80
