Technical analysis XAUUSD for 07.03.2022
Intraday
Technical
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
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1974.50. The closest resistance is the level 2010
Key levels
- 2033, 2010, 1974.50, 1944, 1923, 1901, 1885, 1861, 1826
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1974.5, with Take Profit of 2010 and Stop Loss of 1944
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1944, with Take Profit of 1923 and Stop Loss of 1965
Scenario
Recommendation
BUY LIMIT
Entry Point
1974.5
Take Profit
2010
Stop Loss
1944
Key Levels
2033, 2010, 1974.50, 1944, 1923, 1901, 1885, 1861, 1826
Alternative scenario
Recommendation
SELL STOP
Entry Point
1944
Take Profit
1923
Stop Loss
1965
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.