Technical analysis XAUUSD for 09.06.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1839.25. The closest resistance is the level 1843.75
Key levels
- 1853, 1848, 1843.75, 1839.25, 1833.50
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1843.75, with Take Profit of 1839.25 and Stop Loss of 1848
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1848, with Take Profit of 1853 and Stop Loss of 1843.75
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.