Technical analysis XAUUSD for 30.08.2022
Intraday
Technical
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 descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1740.30. The closest support is the level 1727.50
Key levels
- 1758.90, 1750.90, 1740.30, 1727.50, 1718.50, 1709.80
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1740.30, with Take Profit of 1750.90 and Stop Loss of 1732.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1727.50, with Take Profit of 1718.50 and Stop Loss of 1732.00
Scenario
Recommendation
BUY STOP
Entry Point
1740.30
Take Profit
1750.90
Stop Loss
1732.00
Key Levels
1758.90, 1750.90, 1740.30, 1727.50, 1718.50, 1709.80
Alternative scenario
Recommendation
SELL STOP
Entry Point
1727.50
Take Profit
1718.50
Stop Loss
1732.00
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.