Gold Technical Analysis (XAUUSD) is in an upward trend at $2937.76 per ounce. Trading appears to be in an upward trend, as the price of gold is trading below the Moving Average crossovers. The MACD indicator indicates a positive trend.
Based on this, we can consider buying from a rise to $2945.37 per ounce, targeting the $2956.11 per ounce area to take profits, with a stop-loss target of $2924.59 per ounce.
Gold Technical Analysis XAUUSD: On the Other Side
On the other hand, if the $2924.59/ounce sell zone is broken, the price may head to the $2916.00/ounce area.
Gold Technical Analysis (XAUUSD): Resistance and Support Levels
- Second Resistance: 2942.10
- First Resistance: 2940.25
- Pivot Level: 2939.17
- First Support: 2937.55
- Second Support: 2935.40
