Gold Technical Analysis XAUUSD The price of gold is trading today at $2690 per ounce, trading appears in an upward trend as the price of gold is trading under most of the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a positive trend
Accordingly, in the case of buying, we will wait for the rise to $2697 per ounce, and target the $2707 per ounce area to reap profits, with the $2677 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2677 per ounce is broken, the price may head to the area of $2669 per ounce.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2701
- First resistance: 2696
- Pivot level: 2691
- First support: 2685
- Second support: 2680