Technical analysis XAGUSD for 23.12.2021
23.12.2021 16:21
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 22.350. The closest resistance is the level 22.925
Key levels
- 25.375, 24.850, 24.450, 23.875, 23.400, 22.925, 22.350, 21.800, 21.400
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 22.925, with Take Profit of 23.400 and Stop Loss of 22.500
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 22.350, with Take Profit of 21.800 and Stop Loss of 22.925
Scenario
Recommendation
BUY STOP
Entry Point
22.925
Take Profit
23.400
Stop Loss
22.500
Key Levels
25.375, 24.850, 24.450, 23.875, 23.400, 22.925, 22.350, 21.800, 21.400
Alternative scenario
Recommendation
SELL STOP
Entry Point
22.350
Take Profit
21.800
Stop Loss
22.925