Technical analysis XAUUSD for 25.11.2024

The Tenkan-sen line is located above the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 2624. The closest resistance is the level 2635

Key levels

2614, 2624, 2635, 2643, 2650

Trading scenario

Recommended opening long positions (Buy Limit) from the level of 2624, with Take Profit of 2650 and Stop Loss of 2614

Alternative scenario

Recommended opening short positions (Sell Limit) from the level of 2643, with Take Profit of 2614 and Stop Loss of 2650