Technical analysis XAUUSD for 15.06.2023
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1951.50. The closest support is the level 1929.10
Key levels
- 2012.60, 1983.20, 1951.50, 1929.10, 1897.50
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1951.50, with Take Profit of 1983.20 and Stop Loss of 1940.30
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1929.10, with Take Profit of 1897.50 and Stop Loss of 1940.30
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.