Technical analysis XAUUSD for 28.03.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1935.00. The closest resistance is the level 1951.00

Key levels

• 2070.00, 2033.00, 2002.00, 1974.50, 1951.00, 1935.00, 1915.00, 1879.00

Trading scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1951.00 and Stop Loss of 1935.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1935.00, with Take Profit of 1915.00 and Stop Loss of 1951.00