Technical analysis XAUUSD for 13.05.2022
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 support is the level 1819. The closest resistance is the level 1831
Key levels
- 1889, 1870, 1854, 1842, 1831, 1813, 1792
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1831, with Take Profit of 1813 and Stop Loss of 1842
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1842, with Take Profit of 1854 and Stop Loss of 1831
Scenario
Recommendation
SELL LIMIT
Entry Point
1831
Take Profit
1813
Stop Loss
1842
Key Levels
1889, 1870, 1854, 1842, 1831, 1813, 1792
Alternative scenario
Recommendation
BUY STOP
Entry Point
1842
Take Profit
1854
Stop Loss
1831
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.