Technical analysis XAUUSD for 19.05.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above 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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1809.60. The closest resistance is the level 1829.55
Key levels
- 1910.00, 1881.50, 1864.20, 1849.10, 1829.55, 1820.65, 1809.60, 1786.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1829.55, with Take Profit of 1849.10 and Stop Loss of 1820.65
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1809.60, with Take Profit of 1786.00 and Stop Loss of 1820.65
Scenario
Recommendation
BUY STOP
Entry Point
1829.55
Take Profit
1849.10
Stop Loss
1820.65
Key Levels
1910.00, 1881.50, 1864.20, 1849.10, 1829.55, 1820.65, 1809.60, 1786.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
1809.60
Take Profit
1786.00
Stop Loss
1820.65
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.