Gold Technical Analysis XAUUSD The price of gold is trading today at $2581 per ounce, trading appears in a sideways trend as the price of gold is trading between the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a weakness in the trend
Accordingly, in the case of buying, we will wait for the rise to $2590 per ounce, and target the $2595 per ounce area to reap profits, with the $2578 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2578 per ounce is broken, the price may head to the $2573 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2585
- First Resistance: 2583
- Pivot Level: 2580
- First Support: 2578
- Second Support: 2574
