Technical analysis report: for gold XAUUSD


Date: 06/24/2024

Introduction and overview

This report provides a technical analysis of gold against the US dollar, focusing on trading strategies based on resistance and support levels. The pair is currently trading at the $2,330 level. Prices are trading above most of the moving average crossings, indicating strength in the uptrend. The MACD indicator shows an end to the negative trend, which enhances the positive possibilities for the pair.


Trading strategies based on buy/sell level

XAUUSD In case of buying           in case of selling
trend Buy            sell
Entry point 2334                   2326
Target Point 1 (TP1) First resistance: 2342 First support: 2320
Target Point 2 (TP2) Second resistance: 2338 Second support: 2316
Stop Loss (SL) 2326 2334



These strategies depend on the price’s location relative to support and resistance levels and suggest the best ways to profit from price movements based on support and resistance indicators. Traders should carefully monitor these levels to identify appropriate opportunities to enter and exit the market, while maintaining appropriate risk management strategies to protect their investments

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