Technical analysis XAUUSD for 27.11.2024

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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 2615.04. The closest resistance is the level 2644.69

Key levels

2593.93, 2615.04, 2644.69, 2665.47, 2716.44

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 2615.04, with Take Profit of 2716.44 and Stop Loss of 2593.93

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 2665.47, with Take Profit of 2593.93 and Stop Loss of 2716.44