Gold Technical Analysis XAUUSD : Gold prices decline

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

Gold Technical Analysis XAUUSD: Resistance and support levels

  • Second resistance: 2660
  • First resistance: 2656
  • Pivot level: 2652
  • First support: 2646
  • Second support: 2641
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