Technical analysis XAUUSD for 01.08.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1765.80. The closest support is the level 1748.00
Key levels
- 1794.20, 1779.20, 1765.80, 1748.00, 1735.00, 1718.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1765.80, with Take Profit of 1779.20 and Stop Loss of 1755.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1748.00, with Take Profit of 1735.00 and Stop Loss of 1755.50
Scenario
Recommendation
BUY STOP
Entry Point
1765.80
Take Profit
1779.20
Stop Loss
1755.50
Key Levels
1794.20, 1779.20, 1765.80, 1748.00, 1735.00, 1718.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
1748.00
Take Profit
1735.00
Stop Loss
1755.50
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.