Technical analysis XAUUSD for 03.12.2021
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1780. The closest support is the level 1760
Key levels
- 1875, 1840, 1820, 1800, 1780, 1760, 1740, 1720
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1760 and Stop Loss of 1780
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1760, with Take Profit of 1780 and Stop Loss of 1740
Scenario
Recommendation
SELL
Entry Point
Take Profit
1760
Stop Loss
1780
Key Levels
1875, 1840, 1820, 1800, 1780, 1760, 1740, 1720
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1760
Take Profit
1780
Stop Loss
1740
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.