Technical analysis XAUUSD for 02.12.2024
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 turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 2616. The closest resistance is the level 2651
Key levels
2587, 2616, 2651, 2669, 2716
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 2651, with Take Profit of 2716 and Stop Loss of 2616
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 2616, with Take Profit of 2587 and Stop Loss of 2669
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.