Technical analysis XAUUSD for 26.11.2021

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1816.25. The closest support is the level 1802.50

Key levels

• 1877.25, 1853.50, 1839.25, 1827.75, 1816.25, 1802.50, 1778.75, 1758.95

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1802.50, with Take Profit of 1816.25 and Stop Loss of 1790.90

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1816.25, with Take Profit of 1827.75 and Stop Loss of 1800.15