Technical analysis XAUUSD for 24.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1945.15. The closest support is the level 1911.75
Key levels
- 2017.90, 1998.60, 1973.20, 1945.15, 1911.75, 1879.25, 1856.25
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1945.15, with Take Profit of 1911.75 and Stop Loss of 1956.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1956.00, with Take Profit of 1973.20 and Stop Loss of 1945.15