Technical analysis XAUUSD for 03.01.2022
03.01.2022 10:51
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1820. The closest resistance is the level 1840
Key levels
- 1875, 1840, 1820, 1800, 1780, 1760, 1740
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1820, with Take Profit of 1840 and Stop Loss of 1800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1800, with Take Profit of 1780 and Stop Loss of 1820
Scenario
Recommendation
BUY LIMIT
Entry Point
1820
Take Profit
1840
Stop Loss
1800
Key Levels
1875, 1840, 1820, 1800, 1780, 1760, 1740
Alternative scenario
Recommendation
SELL STOP
Entry Point
1800
Take Profit
1780
Stop Loss
1820