Technical analysis XAUUSD for 24.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
- 1855.00, 1842.00, 1826.25, 1817.50, 1810.00, 1801.75, 1787.50
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1826.25, with Take Profit of 1842.00 and Stop Loss of 1817.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1842.00, with Take Profit of 1855.00 and Stop Loss of 1833.00
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.