Technical analysis XAUUSD for 06.05.2022

06.05.2022 09:01
Intradía
Técnico

The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 support is the level 1870.00. The closest resistance is the level 1879.60

Key levels

  • 1919.90, 1904.40, 1895.10, 1887.10, 1879.60, 1870.00, 1855

Trading scenario

  • Recommended opening short positions (Sell Stop) from the level of 1870.00, with Take Profit of 1855.00 and Stop Loss of 1879.60

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 1879.60, with Take Profit of 1895.10 and Stop Loss of 1870.00
Guión
Recomendación
SELL STOP

Punto de entrada
1870.00

Take Profit
1855.00

Stop Loss
1879.60

Niveles clave
1919.90, 1904.40, 1895.10, 1887.10, 1879.60, 1870.00, 1855
Escenario alternativo
Recomendación
BUY STOP

Punto de entrada
1879.60

Take Profit
1895.10

Stop Loss
1870.00