Technical analysis XAUUSD for 11.05.2022
11.05.2022 09:03
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. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1835. The closest support is the level 1855
Key levels
- 1920, 1880, 1855, 1835, 1815, 1790, 1755
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1835, with Take Profit of 1855 and Stop Loss of 1815
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1815, with Take Profit of 1790 and Stop Loss of 1835
Scenario
Recommendation
BUY LIMIT
Entry Point
1835
Take Profit
1855
Stop Loss
1815
Key Levels
1920, 1880, 1855, 1835, 1815, 1790, 1755
Alternative scenario
Recommendation
SELL STOP
Entry Point
1815
Take Profit
1790
Stop Loss
1835