Technical analysis XAUUSD for 22.11.2021
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
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 entered the cloud
Key levels
- 1877.00, 1864.25, 1849.00, 1832.00, 1818.00, 1803.75, 1786.75
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1832.00 and Stop Loss of 1832.00
Alternative scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1849.00 and Stop Loss of 1849.00
Scenario
Recommendation
SELL LIMIT
Entry Point
1849.00
Take Profit
1832.00
Stop Loss
1864.25
Key Levels
1877.00, 1864.25, 1849.00, 1832.00, 1818.00, 1803.75, 1786.75
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1832.00
Take Profit
1849.00
Stop Loss
1818.00
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.