Technical analysis XAUUSD for 14.04.2022

14.04.2022 07:09
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 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 1963.00. The closest resistance is the level 1973.50

Key levels

  • 1994.00, 1982.75, 1973.50, 1963.00, 1953.00, 1942.50, 1932.00

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 1973.50, with Take Profit of 1982.75 and Stop Loss of 1965.00

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
Scenario
Recommendation
BUY STOP

Entry Point
1973.50

Take Profit
1982.75

Stop Loss
1965.00

Key Levels
1994.00, 1982.75, 1973.50, 1963.00, 1953.00, 1942.50, 1932.00
Alternative scenario
Recommendation
SELL STOP

Entry Point
1963.00

Take Profit
1953.00

Stop Loss
1973.00