Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2907.69 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 $ 2916.78 per ounce, and target the area of $ 2927.58 per ounce to reap profits, with the area of $ 2892.94 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2892.94 per ounce is broken, the price may head to the area of $2883.15 per ounce.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2918.25
- First Resistance: 2913.11
- Pivot Level: 2908.00
- First Support: 2903.45
- Second Support: 2897.55
