Gold Technical Analysis: The price of gold is trading today at $2029 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 weak negative signals.
Accordingly, we can look to sell from a decline to the price of $2026 per ounce, and target the $2020 per ounce area to take profits, while setting the $2038 per ounce area as a stop loss.
Gold Technical Analysis: On the other hand
On the other hand, if the stop loss area of $2038 per ounce is broken, the price may head to the $2042 per ounce area.
Gold Technical Analysis: resistance and support levels
• Second resistance: 2032.10
• First resistance: 2031.25
• Pivot level: 2030.73
• First support: 2028.70
• Second support: 2028.00
EURUSD Technical Analysis: Sideways Trading
EURUSD Technical Analysis: The EURUSD is in a weak upward trend today amid the sideways trend during the American session. The EURUSD is trading at $1.0769, where prices appear to trade below most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak positive trend and, accordingly, we can look to buy from the rise to the price of $1.0781, and the target could be the $1.0798 area. It is also recommended to choose the $1.0750 area as a stop loss point to control risks.
EURUSD Technical Analysis: On the other hand
On the other hand, if the stop loss area at $1.0750 is broken, the euro price may head towards the $1.0802 level.
EURUSD Technical Analysis: resistance and support levels
• Second resistance: 1.0783
• First resistance: 1.0778
• Pivot level: 1.0772
• First support: 1.0760
• Second support: 1.0756
GBPUSD Technical Analysis: the GBPUSD declines
GBPUSD Technical Analysis today is in a weak upward trend during the American session. The pound is trading at $1.2607, and trading appears below most of the moving average intersections. The MACD indicator also indicates a weak positive trend and the emergence of a negative trend signal. Accordingly, we can look to sell from a decline to the price of $1.2589, and the targeted target could be the $1.2563 area. It is also recommended to choose the $1.2643 area as a stop loss point to control risk.
GBPUSD Technical Analysis: on the other side
On the other hand, if the stop loss area at $1.2643 is broken, the GBPUSD price may head towards the $1.2663 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2623
• First resistance: 1.2617
• Pivot level: 1.2610
• First support: 1.2600
• Second support: 1.2595
