Technical analysis XAUUSD for 21.02.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest support is the level 1887.25. The closest resistance is the level 1925.50
Key levels
- 1957.75, 1925.50, 1887.25, 1862.00, 1837.00, 1818.25, 1785.00, 1740.00
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1925.50 and Stop Loss of 1887.25
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1862.00, with Take Profit of 1837.00 and Stop Loss of 1877.00