Gold Technical Analysis XAUUSD :The price of gold is trading today at a price of $ 2615 per ounce, trading appears in a downward trend as the price of gold is trading below most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a negative trend
Accordingly, in the event of a sale, we will wait for a decline to a price of $ 2604 per ounce, and target the $ 2588 per ounce area to reap profits, with the $ 2630 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2630 per ounce buy zone is broken, the price may head to the $2640 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2625
- First resistance: 2620
- Pivot level: 2616
- First support: 2610
- Second support: 2605
