Technical analysis XAUUSD for 27.05.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below 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 is the level 1846.75. The closest resistance is the level 1858.50
Key levels
- 1902.50, 1875.25, 1858.50, 1846.75, 1831.80, 1810.75, 1785.95
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1846.75, with Take Profit of 1831.80 and Stop Loss of 1858.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1858.50, with Take Profit of 1875.25 and Stop Loss of 1846.75
Scenario
Recommendation
SELL STOP
Entry Point
1846.75
Take Profit
1831.80
Stop Loss
1858.50
Key Levels
1902.50, 1875.25, 1858.50, 1846.75, 1831.80, 1810.75, 1785.95
Alternative scenario
Recommendation
BUY STOP
Entry Point
1858.50
Take Profit
1875.25
Stop Loss
1846.75
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.