Gold Technical Analysis XAUUSD: The price of gold is trading today at $2644 per ounce, trading appears in a weak upward 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 positive trend
Accordingly, in the event of a sale, we will wait for a drop to $2648 per ounce, and target the $2656 per ounce area to reap profits, with the $2632 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2632 per ounce is broken, the price may head to the $2625 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2650
- First Resistance: 2649
- Pivot Level: 2644
- First Support: 2640
- Second Support: 2635
