Technical analysis XAUUSD for 16.06.2022
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 is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1830. The closest resistance is the level 1846
Key levels
- 1880, 1864, 1846, 1830, 1811, 1790
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1830, with Take Profit of 1811 and Stop Loss of 1846
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1846, with Take Profit of 1864 and Stop Loss of 1830
Scenario
Recommendation
SELL STOP
Entry Point
1830
Take Profit
1811
Stop Loss
1846
Key Levels
1880, 1864, 1846, 1830, 1811, 1790
Alternative scenario
Recommendation
BUY STOP
Entry Point
1846
Take Profit
1864
Stop Loss
1830
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.