Technical analysis XAUUSD for 18.02.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. 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 1885.50. The closest resistance is the level 1900

Key levels

• 1912.1900. 1885.50, 1871, 1851.50, 1835, 1821.50, 1809.50, 1792

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1885.50, with Take Profit of 1900 and Stop Loss of 1871

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1871, with Take Profit of 1851.50 and Stop Loss of 1885.50