Technical analysis XAUUSD for 09.09.2024
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines
Key levels
2480, 2489.2505,2511,2525
Trading scenario
Recommended opening long positions (Buy Limit) from the level of 2489, with Take Profit of 2505 and Stop Loss of 2480
Alternative scenario
Recommended opening short positions (Sell Limit) from the level of 2505, with Take Profit of 2485 and Stop Loss of 2520