Gold Technical Analysis XAUUSD: Weak decline

Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2748.81 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 a price of $ 2745.17 per ounce, and target the $ 7237.72 per ounce area to reap profits, with the $ 2760.81 per ounce area as a stop loss.

Gold Technical Analysis XAUUSD: On the other hand

On the other hand, if the $2760.81 per ounce buy zone is broken, the price may head to the $2766.39 per ounce area.

Gold Technical Analysis XAUUSD

Gold Technical Analysis XAUUSD: Resistance and Support Levels

  • Second Resistance: 2758.12
  • First Resistance: 2754.55
  • Pivot Level: 2749.00
  • First Support: 2744.48
  • Second Support: 2739.77
Related Articles