Gold Technical Analysis The price of gold is trading today at a price of $ 2512 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 $ 2506 per ounce, and target the $ 2498 per ounce area to reap profits, with the $ 2522 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2522 per ounce buying zone is broken, the price may head to the $2527 per ounce area.
Gold Technical Analysis XAUUSD: Resistance and Support Levels
- Second Resistance: 2513.88
- First Resistance: 2512.79
- Pivot Level: 2512.23
- First Support: 2511.66
- Second Support: 2510.77
