Gold Technical Analysis XAUUSD Gold closed last week on the rise at $2510 per ounce, trading appears in an upward trend, as the gold price is trading above the Moving Average indicators intersections, as for the MACD indicator, it indicates a positive trend
Accordingly, we can look to buy from the rise to $2514 per ounce, and target the $2522 per ounce area to take profits with the area $2498 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2498 per ounce is broken, the price may head to the $2494 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2512.09
- First resistance: 2511.50
- Pivot level: 2510.78
- First support: 2509.80
- Second support: 2508.99
