Gold Technical Analysis XAUUSD: Gold is trading in an upward trend during the American session, recording a high of $2716 per ounce and a low of $2691, bringing the current price to $2707 per ounce.
Gold Technical Analysis XAUUSD Technical Analysis:
Looking at the technical indicators, we notice that prices are trading above the moving averages, which supports the upward trend. The MACD indicator is also showing a strong positive trend, indicating an increase in momentum in price movement.
Trading Expectations:
As this positive trend continues, gold is expected to continue rising, but it is important to follow any changes that may occur in the technical indicators.
Trading strategies based on Buy/Sell levels
| XAUUSD | In case of buying | in case of selling |
| Entry point | 2711 | 2699 |
| Target Point 1 (TP1) | First resistance: 2718 | First support: 2694 |
| Target Point 2 (TP2) | Second resistance: 2725 | Second support: 2690 |
| Stop Loss (SL) | 2699 | 2711 |
Traders should take advantage of the opportunities arising from the current upward trend, focusing on technical analysis to enhance their strategies and increase their chances of success in the market.
