Technical analysis XAUUSD for 27.03.2023
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1972.60. The closest support is the level 1933.80
Key levels
- 2024.30, 1999.30, 1972.60, 1933.80, 1909.50, 1877.85
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1972.60, with Take Profit of 1999.30 and Stop Loss of 1954.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1933.80, with Take Profit of 1909.50 and Stop Loss of 1954.50
Scenario
Recommendation
BUY STOP
Entry Point
1972.60
Take Profit
1999.30
Stop Loss
1954.50
Key Levels
2024.30, 1999.30, 1972.60, 1933.80, 1909.50, 1877.85
Alternative scenario
Recommendation
SELL STOP
Entry Point
1933.80
Take Profit
1909.50
Stop Loss
1954.50
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.