Technical analysis XAGUSD for 21.12.2021
The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. 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 22.20. The closest resistance is the level 22.60
Key levels
- 24.30, 23.70, 23.20, 22.85, 22.60, 22.20, 21.85, 21.40
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 22.60, with Take Profit of 23.20 and Stop Loss of 22.20
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 22.20, with Take Profit of 21.85 and Stop Loss of 22.40