Gold Technical Analysis XAUUSD The price of gold is trading today at $2495 per ounce, trading appears in a weak downward 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 negative trend
Based on that, we can look to sell from the decline to $2491 per ounce, and target the $2484 per ounce area to reap profits, with the $2504 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2504 per ounce buy zone is broken, the price may head to the $2509 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2496.49
- First Resistance: 2495.84
- Pivot Level: 2495.39
- First Support: 2494.64
- Second Support: 2494.00
