Technical analysis XAUUSD for 18.03.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed up, while blue is directed down. 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 resistance is the level 1944.25. The closest support is the level 1928.95
Key levels
- 2059.50, 2019.20, 1993.80, 1973.60, 1944.25, 1928.95, 1941.10, 1878.15
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1928.95, with Take Profit of 1944.25 and Stop Loss of 1921.20
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1910.10, with Take Profit of 1878.15 and Stop Loss of 1928.95