Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2501 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 $ 2498 per ounce, and target the $ 2494 per ounce area to reap profits, with the $ 2505 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2505 per ounce buy zone is broken, the price may head to the $2508 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2502.55
- First Resistance: 2501.99
- Pivot Level: 2501.39
- First Support: 2500.78
- Second Support: 2500.00
