Gold Technical Analysis (XAUUSD): The price of gold is trading today at $2,035.31 per ounce. Trading appears to be in an upward trend, as the price is trading above most of the Moving Average crossovers. The MACD indicator indicates a positive trend.
Accordingly, if we buy, we will wait for a rise to $3,043.95 per ounce, targeting the $3,056.79 per ounce area to take profits, with the $3,016.76 per ounce area as a stop-loss.
Gold Technical Analysis (XAUUSD): On the Other Hand
On the other hand, if the $3016.76/ounce sell zone is broken, the price may head to the $3005.43/ounce area.
Gold Technical Analysis (XAUUSD): Resistance and Support Levels
- Second Resistance: 3042.77
- First Resistance: 3039.13
- Pivot Level: 3036.45
- First Support: 3032.81
- Second Support: 3030.13
