Gold Technical Analysis The price of gold is trading today at a price of $ 2497 per ounce, trading appears in a downward trend as the price of gold is trading below the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a negative trend
Accordingly, we can look to sell from the decline to a price of $ 2493 per ounce, and target the $ 2488 per ounce area to reap profits, with the $ 2501 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2501 per ounce buy zone is broken, the price may head to the $2505 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2498.40
- First Resistance: 2497.88
- Pivot Level: 2497.42
- First Support: 2496.55
- Second Support: 2469.00
