Technical analysis XAUUSD for 24.06.2022
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 ready to roll over from descending to ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1823. The closest resistance is the level 1831.50
Key levels
- 1850.50, 1841.75, 1831.50, 1823, 1811.50, 1800
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1823, with Take Profit of 1811.50 and Stop Loss of 1831.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1831.50, with Take Profit of 1841.75 and Stop Loss of 1823
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.