Technical analysis XAUUSD for 12.11.2024
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 above the Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Tenkan-se and Kijun-sen, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively
Key levels
2603.01, 2645.72, 2664.96 2675.79, 2726.02
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 2603, with Take Profit of 2645 and Stop Loss of 2590
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 2603, with Take Profit of 2590 and Stop Loss of 2645.72
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.