Technical analysis XAUUSD for 09.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are 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 1821. The closest resistance is the level 1830
Key levels
- 1855, 1840, 1830, 1821, 1813, 1803, 1787
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1830, with Take Profit of 1840 and Stop Loss of 1821
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1821, with Take Profit of 1813 and Stop Loss of 1828