Gold Technical Analysis XAUUSD: Gold is trading in a weak uptrend today, having retreated from its all-time high of $2,790 per ounce, reaching a low of $2,768, and is currently trading at $2,769 per ounce. This movement indicates instability in prices.
Gold Technical Analysis XAUUSD Technical Analysis:
Technical data indicates that prices are trading below the moving averages, reflecting the weakness of the current uptrend. On the other hand, the MACD indicator is showing a positive but weak trend, which enhances the possibility of a turn to the downside.
Forward Outlook:
If the selling pressure continues, we are likely to see a downside trend shift. Any signs of momentum reversal or price changes that could indicate a potential recovery should be monitored.

Trading strategies based on Buy/Sell levels
XAUUSD | In case of buying | in case of selling |
Entry point | 2776 | 2766 |
Target Point 1 (TP1) | First resistance: 2781 | First support: 2760 |
Target Point 2 (TP2) | Second resistance: 2785 | Second support: 2754 |
Stop Loss (SL) | 2766 | 2776 |
The gold market appears to be in a volatile state, with signs of a weakening uptrend and negative potential for a bearish turn. It is important to follow future developments carefully, as they may influence price movements in the coming days.