Gold Technical Analysis XAUUSD Gold closed last week on the rise at a price of 2507 dollars per ounce, trading appears in an upward trend, as the price of gold is trading above the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a positive trend
Accordingly, we can look to buy from the rise to a price of 2515 dollars per ounce, and target the area of 2525 dollars per ounce to take profits with the area of $2484 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2484 per ounce is broken, the price may head to the $2476 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2510.11
- First resistance: 2509.06
- Pivot level: 2508.10
- First support: 2507.10
- Second support: 2506.44
