Technical analysis XAUUSD for 02.05.2022
02.05.2022 17:13
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Red is directed downward, while blue remains 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 resistance is the level 1866.35. The closest support is the level 1853.25
Key levels
- 1890.00, 1879.35, 1866.35, 1853.25, 1841.50, 1828.40
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1866.35, with Take Profit of 1879.35 and Stop Loss of 1860.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1853.25, with Take Profit of 1841.50 and Stop Loss of 1860.00
Scenario
Recommendation
BUY STOP
Entry Point
1866.35
Take Profit
1879.35
Stop Loss
1860.00
Key Levels
1890.00, 1879.35, 1866.35, 1853.25, 1841.50, 1828.40
Alternative scenario
Recommendation
SELL STOP
Entry Point
1853.25
Take Profit
1841.50
Stop Loss
1860.00