Technical analysis XAUUSD for 10.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1975. The closest resistance is the level 2015

Key levels

• 2050, 2015, 1975, 1945, 1920, 1885, 1850

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1975, with Take Profit of 2015 and Stop Loss of 1945

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1945, with Take Profit of 1920 and Stop Loss of 1965