Technical analysis XAUUSD for 24.02.2022
Intraday
Technical
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1927. The closest resistance is the level 1943
Key levels
- 1975, 1957, 1943, 1927, 1908, 1895, 1887, 1879, 1865, 1850
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1927, with Take Profit of 1943 and Stop Loss of 1908
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1957, with Take Profit of 1927 and Stop Loss of 1975
Scenario
Recommendation
BUY LIMIT
Entry Point
1927
Take Profit
1943
Stop Loss
1908
Key Levels
1975, 1957, 1943, 1927, 1908, 1895, 1887, 1879, 1865, 1850
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
1957
Take Profit
1927
Stop Loss
1975
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.