Technical analysis XAUUSD for 27.04.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1890.00. The closest resistance is the level 1905.50
Key levels
- 1957.00, 1944.25, 1931.50, 1918.25, 1905.50, 1890.00, 1875.00
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1890.00, with Take Profit of 1875.00 and Stop Loss of 1905.50
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1905.50, with Take Profit of 1918.25 and Stop Loss of 1893.00
Scenario
Recommendation
SELL STOP
Entry Point
1890.00
Take Profit
1875.00
Stop Loss
1905.50
Key Levels
1957.00, 1944.25, 1931.50, 1918.25, 1905.50, 1890.00, 1875.00
Alternative scenario
Recommendation
BUY STOP
Entry Point
1905.50
Take Profit
1918.25
Stop Loss
1893.00
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.