Uniglobe Markets
February 4, 2025 at 12:37 PM
Gold Technical Analysis XAUUSD: Uptrend
Gold is currently trading at $2816.95 per ounce and shows an upward trend, with prices above key Moving Average indicators. The MACD suggests a positive trend. A potential buy setup could occur if the price rises to $2825.43, targeting $2833.56. Use $2805.02 as the stop loss point.
If the price breaks below $2805.02, it may move towards the $2798.06 area.
Resistance and Support Levels:
Second Resistance: 2827.55
First Resistance: 2822.12
Pivot Level: 2817.00
First Support: 2812.00
Second Support: 2807.55