XAU/USD

Gold Technical Analysis XAUUSD: The price of gold is trading today at $2298 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 $2293 per ounce, and target the $2285 per ounce area to take profits while setting the $2311 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the purchase zone of $2311 per ounce is broken, the price may head to the $2317 per ounce area.
Gold Technical Analysis XAUUSD: resistance and support levels
• Second resistance: 2299.89
• First resistance: 2299.45
• Pivot level: 2299.13
• First support: 2298.73
• Second support: 2298.56