Technical analysis XAUUSD for 22.11.2021

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 entered the cloud

Key levels

• 1877.00, 1864.25, 1849.00, 1832.00, 1818.00, 1803.75, 1786.75

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1832.00 and Stop Loss of 1832.00

Alternative scenario

• Recommended opening long positions (Buy) at the current price, with Take Profit of 1849.00 and Stop Loss of 1849.00