Gold Technical Analysis XAUUSD Gold closed last week on an upward trend at $2690 per ounce, trading appears in an upward trend, as the price of gold is trading below the intersections of the Moving Average indicators, as for the MACD indicator, it indicates the emergence of a positive trend
Based on that, we can look to buy from the rise to $2696 per ounce, and target the $2706 per ounce area to reap profits, with the $2678 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2678 per ounce is broken, the price may head to the $2671 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2700
- First Resistance: 2695
- Pivot Level: 2690
- First Support: 2685
- Second Support: 2680
