Technical analysis XAUUSD for 08.06.2022
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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1848. The closest resistance is the level 1864
Key levels
- 1880, 1864, 1848, 1834, 1818
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1848, with Take Profit of 1864 and Stop Loss of 1834
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1834, with Take Profit of 1818 and Stop Loss of 1848
Scenario
Recommendation
BUY LIMIT
Entry Point
1848
Take Profit
1864
Stop Loss
1834
Key Levels
1880, 1864, 1848, 1834, 1818
Alternative scenario
Recommendation
SELL STOP
Entry Point
1834
Take Profit
1818
Stop Loss
1848
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.