Technical analysis XAUUSD for 25.04.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1915.40. The closest resistance is the level 1931.40
Key levels
- 1998.25, 1972.80, 1957.05, 1944.22, 1931.40, 1915.40, 1905.50, 1890.00
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1931.40 and Stop Loss of 1905.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1905.50, with Take Profit of 1890.00 and Stop Loss of 1915.40