Gold Technical Analysis XAUUSD Gold closed last week on the rise at a price of $ 2656 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
Based on that, we can look to buy from the rise to a price of $ 2659 per ounce, and target the $ 2665 per ounce area to reap profits, with the $ 2647 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2647 per ounce buying zone is broken, the price may head to the $2642 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2666
- First resistance: 2662
- Pivot level: 2657
- First support: 2653
- Second support: 2650
