Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2505 per ounce, trading appears in a weak 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 weak negative trend
Based on that, we can look to sell from the decline to a price of $ 2502 per ounce, and target the $ 2497 per ounce area to reap profits, with the $ 2512 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2512 per ounce buy zone is broken, the price may head to the $2516 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2507.20
- First Resistance: 2506.73
- Pivot Level: 2506.09
- First Support: 2505.11
- Second Support: 2504.64
