Gold Technical Analysis The price of gold is trading today at a price of $ 2517 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 buy from the rise to a price of $ 2521 per ounce, and target the area of $ 2528 per ounce to reap profits, with the area of $ 2507 per ounce as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the selling area of $2507 per ounce is broken, the price may head to the $2503 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and support levels
- Second resistance: 2518.88
- First resistance: 2518.10
- Pivot level: 2517.55
- First support: 2516.54
- Second support: 2515.88
