Gold Technical Analysis XAUUSD :Gold closed last week on the rise at a price of $ 2651 per ounce, trading appears in a downward trend, as the price of gold is trading above 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 $ 2647 per ounce, and target the $ 2641 per ounce area to reap profits, with the $ 2657 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2657 per ounce buying zone is broken, the price may head to the $2660 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2660
- First resistance: 2656
- Pivot level: 2652
- First support: 2646
- Second support: 2641