Technical analysis XAUUSD for 21.02.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
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 corrected to the Tenkan-se line. The closest support is the level 1887.25. The closest resistance is the level 1925.50
Key levels
- 1957.75, 1925.50, 1887.25, 1862.00, 1837.00, 1818.25, 1785.00, 1740.00
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1925.50 and Stop Loss of 1887.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1862.00, with Take Profit of 1837.00 and Stop Loss of 1877.00
Scenario
Recommendation
BUY
Entry Point
Take Profit
1925.50
Stop Loss
1887.25
Key Levels
1957.75, 1925.50, 1887.25, 1862.00, 1837.00, 1818.25, 1785.00, 1740.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
1862.00
Take Profit
1837.00
Stop Loss
1877.00
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.