Technical analysis XAUUSD for 04.07.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1808.00. The closest resistance is the level 1815.50
Key levels
- 1832, 1823.25, 1815.50, 1808.00, 1798.50, 1789.25
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1808.00, with Take Profit of 1798.50 and Stop Loss of 1815.5
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1815.5, with Take Profit of 1823.25 and Stop Loss of 1808.00