Gold Technical Analysis XAUUSD Gold closed last week on the rise at a price of $ 2700 per ounce, trading appears in an 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
Based on that, we can look to sell from the decline to a price of $ 2696 per ounce, and target the $ 2690 per ounce area to reap profits, with the $ 2707 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2707 per ounce is broken, the price may head to the $2711 per ounce area.

Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2710
- First Resistance: 2705
- Pivot Level: 2700
- First Support: 2695
- Second Support: 2690