Gold Technical Analysis XAUUSD Gold closed last week on the rise at a price of $ 2622 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 the emergence of a positive trend
Based on that, we can look to buy from the rise to a price of $ 2628 per ounce, and target the $ 2638 per ounce area to reap profits, with the $ 2609 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2609 per ounce is broken, the price may head to the $2601 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2632
- First Resistance: 2627
- Pivot Level: 2622
- First Support: 2617
- Second Support: 2612
