Technical analysis XAUUSD for 30.09.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument adjusted to the upper border of the cloud. The closest resistance is the level 1675
Key levels
- 1690, 1675, 1660, 1650, 1640, 1625, 1615
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1675, with Take Profit of 1690 and Stop Loss of 1660
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1660, with Take Profit of 1640 and Stop Loss of 1675
Scenario
Recommendation
BUY STOP
Entry Point
1675
Take Profit
1690
Stop Loss
1660
Key Levels
1690, 1675, 1660, 1650, 1640, 1625, 1615
Alternative scenario
Recommendation
SELL STOP
Entry Point
1660
Take Profit
1640
Stop Loss
1675
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.