Technical analysis XAUUSD for 13.10.2022
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1647. The closest resistance is the level 1660
Key levels
- 1673, 1660, 1647, 1636, 1622
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1647, with Take Profit of 1636 and Stop Loss of 1654
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1660, with Take Profit of 1673 and Stop Loss of 1647
Scenario
Recommendation
SELL STOP
Entry Point
1647
Take Profit
1636
Stop Loss
1654
Key Levels
1673, 1660, 1647, 1636, 1622
Alternative scenario
Recommendation
BUY STOP
Entry Point
1660
Take Profit
1673
Stop Loss
1647
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.