Gold Technical Analysis The price of gold is trading today at $2012 per ounce. Trading appears in an 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 positive trend.
Accordingly, we can look to buy from the rise to the price of $2015 per ounce, and target the $2021 area per ounce to take profits, while setting the $2006 area per ounce as a stop loss.
Gold Technical Analysis: On the other hand
On the other hand, if the stop loss area of $2006 per ounce is broken, the price may head to the $2001 per ounce area.
Gold Technical Analysis: resistance and support levels
• Second resistance: 2013.55
• First resistance: 2012.90
• Pivot level: 2012.30
• First support: 2011.74
• Second support: 2010.88