Technical analysis XAUUSD for 01.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument consolidates at the bottom of the cloud. The closest support is the level 1915.00. The closest resistance is the level 1935.00

Key levels

• 2070.00, 2033.00, 2002.00, 1974.00, 1951.00, 1935.00, 1915.00, 1905.00,1879.00-

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1935.00, with Take Profit of 1915.00 and Stop Loss of 1951.00

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 1915.00, with Take Profit of 1935.00 and Stop Loss of 1905.00