Gold Technical Analysis XAUUSD The price of gold is trading today at $2705 per ounce, trading appears in an upward trend as the price of gold is trading above most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a positive trend
Accordingly, in the case of selling, we will wait for a drop to $2701 per ounce, and target the $2695 per ounce area to reap profits, with the $2712 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2712 per ounce buy zone is broken, the price may head to the $2717 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2717
- First Resistance: 2012
- Pivot Level: 2706
- First Support: 2701
- Second Support: 2696
