Technical analysis XAUUSD for 29.11.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1779.50. The closest support is the top of the cloud
Key levels
- 1925.75, 1878.50, 1833.75, 1779.50, 1726.50, 1684.00
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1833.75, with Take Profit of 1779.50 and Stop Loss of 1753.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1773.90, with Take Profit of 1726.50 and Stop Loss of 1833.75
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.