Gold Technical Analysis (XAUUSD): Today, the price of gold is trading at $3,121.75 per ounce. Trading appears to be in an upward trend, as the price is trading above most of the Moving Average crossovers. The MACD indicator indicates a positive trend.
Accordingly, if we buy, we will wait for a rise to $3,128.05 per ounce, targeting the $3,136.96 per ounce area to take profits, with the $3,109.67 per ounce area as a stop-loss.
Gold Technical Analysis (XAUUSD): On the Other Hand
On the other hand, if the $3109.67/ounce sell zone is broken, the price may head to the $3101.88/ounce area.
Gold Technical Analysis (XAUUSD): Resistance and Support Levels
- Second Resistance: 3125.22
- First Resistance: 3123.52
- Pivot Level: 3121.85
- First Support: 3118.40
- Second Support: 3116.47
