Technical analysis XAUUSD for 10.12.2024
10.12.2024 08:12
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines
Key levels
2620.79, 2642.58, 2675.82, 2655.54, 2693.48
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 2642.58, with Take Profit of 2693.48 and Stop Loss of 2620.79
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 2655.54, with Take Profit of 2620.79 and Stop Loss of 2693.48
Scenario
Recommendation
BUY LIMIT
Entry Point
2642.58
Take Profit
2693.48
Stop Loss
2620.79
Key Levels
2620.79, 2642.58, 2675.82, 2655.54, 2693.48
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
2655.54
Take Profit
2620.79
Stop Loss
2693.48