Technical analysis XAUUSD for 09.12.2021
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1800. The closest support is the level 1780
Key levels
- 1875, 1840, 1820, 1800, 1780, 1760, 1740
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1780, with Take Profit of 1800 and Stop Loss of 1760
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1760, with Take Profit of 1740 and Stop Loss of 1780
Scenario
Recommendation
BUY LIMIT
Entry Point
1780
Take Profit
1800
Stop Loss
1760
Key Levels
1875, 1840, 1820, 1800, 1780, 1760, 1740
Alternative scenario
Recommendation
SELL STOP
Entry Point
1760
Take Profit
1740
Stop Loss
1780
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.