Gold Technical Analysis XAUUSD: Weak decline

Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2759.06 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 $ 2763.41 per ounce, and target the area of ​​$ 2770.49 per ounce to reap profits, with the area of ​​$ 2750.38 per ounce as a stop loss.

Gold Technical Analysis XAUUSD: On the other hand

On the other hand, if the selling area of ​​$2750.38 per ounce is broken, the price may head to the area of ​​$2745.17 per ounce.

Gold Technical Analysis XAUUSD

Gold Technical Analysis XAUUSD: Resistance and Support Levels

  • Second Resistance: 2767.21
  • First Resistance: 2761.00
  • Pivot Level: 2759.55
  • First Support: 2754.45
  • Second Support: 2749.77
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