Gold Technical Analysis XAUUSD :The price of gold is trading today at $2625 per ounce, trading appears in a weak downward 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 weak negative trend
Accordingly, in the event of a sale, we will wait for a decline to $2621 per ounce, and target the $2615 per ounce area to reap profits, with the $2633 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buying zone of $2633 per ounce is broken, the price may head to the $2637 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2637
- First resistance: 2631
- Pivot level: 2626
- First support: 2620
- Second support: 2615
