Gold Technical Analysis XAUUSD Gold closed last week on an increase at a price of $ 2638 per ounce, trading appears in a weak upward trend, as the price of gold is trading below the intersections of the Moving Average indicators, as for the MACD indicator, it indicates the emergence of a weak positive trend
Accordingly, we can look to sell from the decline to a price of $ 2633 per ounce, and target the $ 2626 per ounce area to reap profits, with the $ 2644 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2644 per ounce is broken, the price may head to the $2648 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2648
- First Resistance: 2643
- Pivot Level: 2638
- First Support: 2633
- Second Support: 2626
