Gold Technical Analysis XAUUSD: The price of gold is trading today at $2328 per ounce. Trading appears in an upward trend, as the price of gold is trading above the intersections of the Moving Average indicators. As for the MACD indicator, it indicates the emergence of a positive trend.
Accordingly, we can look to buy from the rise to the price of $2333 per ounce, and target the $2342 per ounce area to take profits, while setting the $2315 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2315 per ounce selling area is broken, the price may head to the $2309 per ounce area.
Gold Technical Analysis XAUUSD: resistance and support levels
- Second resistance: 2329.59
- First resistance: 2329.29
- Pivot level: 2328.99
- First support: 2328.54
- Second support: 2328.26
