Technical analysis XAUUSD for 22.03.2022
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 descending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 1944.25. The closest support is the level 1928.95
Key levels
- 2059.50, 2019.20, 1993.80, 1973.60, 1944.25, 1928.95, 1910.10, 1878.15
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 1910.10 and Stop Loss of 1944.25
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1910.10, with Take Profit of 1928.95 and Stop Loss of 1902.50
Scenario
Recommendation
SELL
Entry Point
Take Profit
1910.10
Stop Loss
1944.25
Key Levels
2059.50, 2019.20, 1993.80, 1973.60, 1944.25, 1928.95, 1910.10, 1878.15
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
1910.10
Take Profit
1928.95
Stop Loss
1902.50
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.