Technical analysis XAUUSD for 27.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1890.00. The closest resistance is the level 1905.50

Key levels

• 1957.00, 1944.25, 1931.50, 1918.25, 1905.50, 1890.00, 1875.00

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 1890.00, with Take Profit of 1875.00 and Stop Loss of 1905.50

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1905.50, with Take Profit of 1918.25 and Stop Loss of 1893.00