Technical analysis XAUUSD for 04.03.2022
04.03.2022 10:35
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1931. The closest resistance is the level 1941.30
Key levels
- 1974.30, 1954.00, 1941.30, 1931.00, 1919.80, 1909, 1887.35
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1941.30, with Take Profit of 1919.80 and Stop Loss of 1954.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1954.00, with Take Profit of 1974.00 and Stop Loss of 1941.30
Scenario
Recommendation
SELL LIMIT
Entry Point
1941.30
Take Profit
1919.80
Stop Loss
1954.00
Key Levels
1974.30, 1954.00, 1941.30, 1931.00, 1919.80, 1909, 1887.35
Alternative scenario
Recommendation
BUY STOP
Entry Point
1954.00
Take Profit
1974.00
Stop Loss
1941.30