Technical analysis XAUUSD for 06.07.2022
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1772.60. The closest support is the level 1758.20
Key levels
- 1792.10, 1781.00, 1772.60, 1758.20, 1750.00, 1741.60
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1772.60, with Take Profit of 1781.00 and Stop Loss of 1765.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1758.20, with Take Profit of 1750.00 and Stop Loss of 1765.00
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.