Technical analysis XAGUSD for 23.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 22.350. The closest resistance is the level 22.925

Key levels

• 25.375, 24.850, 24.450, 23.875, 23.400, 22.925, 22.350, 21.800, 21.400

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 22.925, with Take Profit of 23.400 and Stop Loss of 22.500

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 22.350, with Take Profit of 21.800 and Stop Loss of 22.925