Gold Technical Analysis, the price of gold today against the dollar during the European session is in a general upward trend. Gold is trading at $2041 per ounce, and trading shows weakness at most of the moving average intersections, as shown in the chart. The MACD indicator also indicates a positive trend indicating a weakness in buying power.
Accordingly, we can buy while waiting for the price of the yellow metal, gold, to rise to the area of $2044 per ounce, and the target could be the $2049 area per ounce. It is also recommended to choose the $2038 per ounce area as a stop loss point to control risk.
Gold Technical Analysis XAUUSD: On the other hand
On the other hand, if the stop loss area at $2038 per ounce is broken, the gold price may head towards the $2033 per ounce level.
Gold Technical Analysis XAUUSD: resistance and support levels
• Second resistance: 2062.00
• First resistance: 2060.55
• Pivot level: 2058.40
• First support: 2056.95
• Second support: 2054.80
EURUSD Technical Analysis: It is trading in a downward trend
EURUSD Technical Analysis ,The EUR/USD is trading in a bearish trend today during the European session. The euro is trading at $1.0787, and as the chart shows, trading is below most of the moving average intersections. The MACD indicator also indicates a negative trend indicating a weakness in selling power.
Accordingly, we can carry out a selling operation if the Euro/Dollar price breaks at the level of $1.0770, and the target could be the $1.0740 area. It is also recommended to choose the $1.0800 area as a stop loss point to control risk.
EURUSD Technical Analysis: On the other hand
EURUSD Technical Analysis, On the other hand, if the stop loss area at $1.0800 is broken, the euro price may head towards the $1.0830 level.
EURUSD Technical Analysis: resistance and support levels
• Second resistance: 1.0807
• First resistance: 1.0801
• Pivot level: 1.0792
• First support: 1.0786
• Second support: 1.0777
GBPUSD Technical Analysis: It is trading in a downward trend
GBPUSD Technical Analysis ,The pound dollar is trading in a bearish trend today during the European session. The pound is trading at $1.2648, and as the chart shows, the pound is trading below most of the moving average intersections. The MACD indicator also indicates a negative trend indicating a weakness in selling power.
Accordingly, we can carry out a selling operation if the price of the pound/dollar pair breaks the area of $1.2635, and the target could be the area of $1.2614. It is also recommended to choose the $1.2661 area as a stop loss point to control risk.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the stop loss area at $1.2661 is broken, the pound price may head towards the $1.2683 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2672
• First resistance: 1.2663
• Pivot level: 1.2653
• First support: 1.2644
• Second support: 1.2634
