Gold Technical Analysis XAUUSD Gold closed last week on the rise at a price of $ 2719 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 $ 2726 per ounce, and target the $ 2737 per ounce area to reap profits, with the $ 2700 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2700 per ounce buy zone is broken, the price may head to the $2691 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2730
- First resistance: 2725
- Pivot level: 2720
- First support: 2714
- Second support: 2700
