Technical analysis XAUUSD for 14.10.2024
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument has broken through the upper border of the cloud and continued to grow
Key levels
2632.01, 2644.25, 2652.59, 2655.11, 2658.64
Trading scenario
Recommended opening short positions (Sell Stop) from the level of 2655.11, with Take Profit of 2644.25 and Stop Loss of 2646.90
Alternative scenario
Recommended opening long positions (Buy Limit) from the level of 2652.11, with Take Profit of 2655.11 and Stop Loss of 2644.25
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.