Technical analysis XAUUSD for 12.07.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1718. The closest resistance is the level 1735
Key levels
- 1765, 1748, 1735, 1718, 1702
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1735, with Take Profit of 1718 and Stop Loss of 1748
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1748, with Take Profit of 1765 and Stop Loss of 1735
Scenario
Recommendation
SELL LIMIT
Entry Point
1735
Take Profit
1718
Stop Loss
1748
Key Levels
1765, 1748, 1735, 1718, 1702
Alternative scenario
Recommendation
BUY STOP
Entry Point
1748
Take Profit
1765
Stop Loss
1735
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.