Gold Technical Analysis XAUUSD : Gold prices decline

Gold Technical Analysis XAUUSD :The price of gold is trading today at $2617 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 $2611 per ounce, and target the $2601 per ounce area to reap profits, with the $2630 per ounce area as a stop loss.

Gold Technical Analysis XAUUSD: On the other hand

On the other hand, if the $2630 per ounce buy zone is broken, the price may head to the $2637 per ounce area.

Gold Technical Analysis XAUUSD

Gold Technical Analysis XAUUSD: Resistance and support levels

  • Second resistance: 2628
  • First resistance: 2624
  • Pivot level: 2618
  • First support: 2613
  • Second support: 2606
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