Technical analysis XAUUSD for 22.03.2022
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