Technical analysis XAUUSD for 03.12.2021
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 resistance is the level 1780. The closest support is the level 1760
Key levels
- 1875, 1840, 1820, 1800, 1780, 1760, 1740, 1720
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1760 and Stop Loss of 1780
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1760, with Take Profit of 1780 and Stop Loss of 1740