Technical analysis XAUUSD for 07.02.2022
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
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 support is the level 1808.00. The closest resistance is the level 1817.00
Key levels
- 1853.00, 1835.00, 1827.00, 1817.00, 1808.00, 1798.50, 1780.00, 1760.00
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1808.00, with Take Profit of 1827.00 and Stop Loss of 1798.50
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1827.00, with Take Profit of 1817.00 and Stop Loss of 1835.00
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.