Technical analysis XAUUSD for 02.06.2022
02.06.2022 18:09
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed upwards. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1862. The closest resistance is the level 1875
Key levels
- 1905, 1875, 1862, 1849, 1830, 1815, 1800
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1862, with Take Profit of 1830 and Stop Loss of 1862
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1875, with Take Profit of 1905 and Stop Loss of 1862
Scenario
Recommendation
SELL STOP
Entry Point
1862
Take Profit
1830
Stop Loss
1862
Key Levels
1905, 1875, 1862, 1849, 1830, 1815, 1800
Alternative scenario
Recommendation
BUY STOP
Entry Point
1875
Take Profit
1905
Stop Loss
1862