Technical analysis XAUUSD for 03.12.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 2633. The closest resistance is the level 2669

Key levels

2608, 2621, 2633, 2669, 2716

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 2633, with Take Profit of 2716 and Stop Loss of 2608

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 2669, with Take Profit of 2608 and Stop Loss of 2716