Gold Technical Analysis (XAUUSD): Gold is trading today at $3,032.90 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 $3,041.39 per ounce, targeting the $3,053.19 per ounce area to take profits, with the $3,017.05 per ounce area as a stop-loss.
Gold Technical Analysis (XAUUSD): On the Other Side
On the other hand, if the $3017.05/oz sell zone is broken, the price may head to the $3006.72/oz area.
Gold Technical Analysis (XAUUSD): Resistance and Support Levels
- Second Resistance: 3037.55
- First Resistance: 3035.25
- Pivot Level: 3033.10
- First Support: 3031.44
- Second Support: 3029.77
