Technical analysis XAUUSD for 22.12.2021
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 ascending. 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) at the current price, with Take Profit of 1800 and Stop Loss of 1785
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1780, with Take Profit of 1760 and Stop Loss of 1790
Scenario
Recommendation
BUY
Entry Point
Take Profit
1800
Stop Loss
1785
Key Levels
1875, 1840, 1820, 1800, 1780, 1760, 1740
Alternative scenario
Recommendation
SELL STOP
Entry Point
1780
Take Profit
1760
Stop Loss
1790
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.