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: Resistance and support levels
- Second resistance: 2628
- First resistance: 2624
- Pivot level: 2618
- First support: 2613
- Second support: 2606