Gold Technical Analysis XAUUSD The price of gold is trading today at $2618 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 $2624 per ounce, and target the $2633 per ounce area to reap profits, with the $2604 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2604 per ounce is broken, the price may head to the $2597 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2628
- First Resistance: 2623
- Pivot Level: 2618
- First Support: 2613
- Second Support: 2607
