XAU/USD

Gold Technical Analysis XAUUSD Gold closed last week on an upward trend at a price of $2398 per ounce. Trading appears in an upward 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 the price of $2391 per ounce, and target the $2379 per ounce area to take profits while setting the $2413 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the buy zone of $2413 per ounce is broken, the price may head to the $2420 per ounce area.
Gold Technical Analysis XAUUSD: resistance and support levels
• Second resistance: 2403.53
• First resistance: 2402.01
• Pivot level: 2400.43
• First support: 2397.33
• Second support: 2395.81