Technical analysis XAUUSD for 11.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 1942.50. The closest resistance is the level 1953.00

Key levels

• 1973.50, 1963.00, 1953.00, 1942.50, 1932.00, 1920.00, 1906.00

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1942.50, with Take Profit of 1953.00 and Stop Loss of 1932.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1932.00, with Take Profit of 1920.00 and Stop Loss of 1942.50