Technical analysis XAUUSD for 03.10.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1685. The closest resistance is the level 1695
Key levels
- 1735, 1715, 1705, 1695, 1685, 1670, 1655
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1685, with Take Profit of 1670 and Stop Loss of 1695
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1695, with Take Profit of 1715 and Stop Loss of 1685
Scenario
Recommendation
SELL STOP
Entry Point
1685
Take Profit
1670
Stop Loss
1695
Key Levels
1735, 1715, 1705, 1695, 1685, 1670, 1655
Alternative scenario
Recommendation
BUY STOP
Entry Point
1695
Take Profit
1715
Stop Loss
1685
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.