Technical analysis XAUUSD for 03.12.2024
03.12.2024 19:22
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud turned over from descending to ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 2633. The closest resistance is the level 2669
Key levels
2608, 2621, 2633, 2669, 2716
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 2633, with Take Profit of 2716 and Stop Loss of 2608
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 2669, with Take Profit of 2608 and Stop Loss of 2716
Scenario
Recommendation
BUY LIMIT
Entry Point
2633
Take Profit
2716
Stop Loss
2608
Key Levels
2608, 2621, 2633, 2669, 2716
Alternative scenario
Recommendation
SELL LIMIT
Entry Point
2669
Take Profit
2608
Stop Loss
2716