Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2706 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 case of buying, we will wait for the rise to a price of $ 2712 per ounce, and target the $ 2723 per ounce area to reap profits, with the $ 2693 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buying zone of $2693 per ounce is broken, the price may head to the $2686 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2716
- First resistance: 2711
- Pivot level: 2706
- First support: 2701
- Second support: 2696
