Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2893.19 per ounce, trading appears in a weak downward trend as the price of gold is trading below 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 $ 2902.34 per ounce, and target the area of $ 2913.47 per ounce to reap profits, with the area of $ 2881.39 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2881.39 per ounce is broken, the price may head to the $2872.22 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2902.00
- First Resistance: 2898.12
- Pivot Level: 2893.25
- First Support: 2886.55
- Second Support: 2881.64
