Technical analysis XAUUSD for 10.12.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines
Key levels
2620.79, 2642.58, 2675.82, 2655.54, 2693.48
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 2642.58, with Take Profit of 2693.48 and Stop Loss of 2620.79
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 2655.54, with Take Profit of 2620.79 and Stop Loss of 2693.48
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.