Technical analysis XAUUSD for 26.08.2022
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1744. The closest resistance is the level 1758
Key levels
- 1807, 1777, 1758, 1744, 1729, 1710
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1758, with Take Profit of 1777 and Stop Loss of 1744
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1744, with Take Profit of 1729 and Stop Loss of 1758
Scenario
Recommendation
BUY STOP
Entry Point
1758
Take Profit
1777
Stop Loss
1744
Key Levels
1807, 1777, 1758, 1744, 1729, 1710
Alternative scenario
Recommendation
SELL STOP
Entry Point
1744
Take Profit
1729
Stop Loss
1758
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.