Gold Technical Analysis XAUUSD The price of gold is trading today at a price of $ 2479 per ounce, trading appears in a 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 negative trend
Accordingly, we can look to sell from the decline to a price of $ 2474 per ounce, and target the $ 2467 per ounce area to reap profits, with the $ 2489 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2489 buy zone is broken, the price may head to the $2494 zone.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2480.99
- First Resistance: 2480.20
- Pivot Level: 2479.56
- First Support: 2478.60
- Second Support: 2477.88
