XAU/USD

July 2, 2024

Gold Technical Analysis XAUUSD: The price of gold is trading today at $2328 per ounce. Trading appears in a weak upward trend, as the price of gold is trading above the intersections of the Moving Average indicators. As for the MACD indicator, it indicates a weak positive trend.
Accordingly, we can look to buy from the rise to the price of $2332 per ounce, and target the $2340 per ounce area to take profits, while setting the $2317 per ounce area as a stop loss.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the $2317 per ounce selling area is broken, the price may head to the $2313 per ounce area.
Gold Technical Analysis XAUUSD: resistance and support levels
• Second resistance: 2330.63
• First resistance: 2330.29
• Pivot level: 2329.89
• First support: 2329.53
• Second support: 2329.28