XAU/USD

Gold Technical Analysis XAUUSD: The price of gold is trading today at $2385 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 the price of $2381 per ounce, and target the $2372 per ounce area to take profits while setting the $2398 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the purchase zone of $2398 per ounce is broken, the price may head to the $2403 per ounce area.
Gold Technical Analysis XAUUSD: resistance and support levels
• Second resistance: 2394.67
• First resistance: 2391.14
• Pivot level: 2388.37
• First support: 2382.07
• Second support: 2378.54