Technical analysis XAUUSD for 19.04.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1973.50. The closest resistance is the level 1982.75

Key levels

• 1994.00, 1982.75, 1973.00, 1963.00, 1953.00, 1942.50, 1932.00

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1973.00, with Take Profit of 1982.75 and Stop Loss of 1967.90

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1963.00, with Take Profit of 1953.00 and Stop Loss of 1973.00