Technical analysis XAUUSD for 19.05.2022
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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1809.60. The closest resistance is the level 1829.55
Key levels
- 1910.00, 1881.50, 1864.20, 1849.10, 1829.55, 1820.65, 1809.60, 1786.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1829.55, with Take Profit of 1849.10 and Stop Loss of 1820.65
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1809.60, with Take Profit of 1786.00 and Stop Loss of 1820.65