Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2649 per ounce, trading appears in a weak upward 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 positive trend
Accordingly, in the case of buying, we will wait for the rise to a price of $ 2652 per ounce, and target the $ 2658 per ounce area to reap profits, with the $ 2641 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2641 per ounce is broken, the price may head to the $2637 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2660
- First resistance: 2655
- Pivot level: 2650
- First support: 2644
- Second support: 2600
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