Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2505 per ounce, trading appears in a weak upward trend as the price of gold is trading above the intersections of the Moving Average indicators, as for the MACD indicator, it indicates a weak positive trend
Based on that, we can look to buy from the rise to a price of $ 2512 per ounce, and target the $ 2519 per ounce area to reap profits, with the $ 2495 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2495 per ounce is broken, the price may head to the $2489 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2506.40
- First resistance: 2505.99
- Pivot level: 2505.55
- First support: 2504.88
- Second support: 2504.02
