Technical analysis XAUUSD for 02.02.2022
02.02.2022 10:14
Intraday
Technical
The Tenkan-sen line crosses bottom upward the Kijun-sen line. Both lines are directed downward. 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 1780. The closest resistance is the level 1798.50
Key levels
- 1853.00, 1835.00, 1827.00, 1817.00, 1808.00, 1798.50, 1780.00, 1760.00
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1780.00 and Stop Loss of 1808.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1808.00, with Take Profit of 1827.00 and Stop Loss of 1798.50
Scenario
Recommendation
SELL
Entry Point
Take Profit
1780.00
Stop Loss
1808.00
Key Levels
1853.00, 1835.00, 1827.00, 1817.00, 1808.00, 1798.50, 1780.00, 1760.00
Alternative scenario
Recommendation
BUY STOP
Entry Point
1808.00
Take Profit
1827.00
Stop Loss
1798.50