Gold Technical Analysis XAUUSD: Uptrend

Gold Technical Analysis XAUUSD Gold closed last week on an uptrend at $2801.17 per ounce, trading appears in an uptrend, 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 weak positive trend

Based on that, we can look to sell from the decline to $2795.06 per ounce, and target the $2788.73 per ounce area to reap profits, with the $2808.56 per ounce area as a stop loss.

Gold Technical Analysis XAUUSD: On the other hand

On the other hand, if the buying zone of $2808.56 per ounce is broken, the price may head to the $2814.47 per ounce area.

Gold Technical Analysis XAUUSD

Gold Technical Analysis XAUUSD: Resistance and support levels

  • Second resistance: 2811.09
  • First resistance: 2806.22
  • Pivot level: 2801.55
  • First support: 2796.44
  • Second support: 2791.65
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