Technical analysis XAUUSD for 04.04.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1919.00. The closest resistance is the level 1932.00
Key levels
- 1958.00, 1945.00, 1932.00, 1919.00, 1907.00, 1897.00
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1919.00, with Take Profit of 1932.00 and Stop Loss of 1907.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1907.00, with Take Profit of 1897.00 and Stop Loss of 1913.00
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.