Technical analysis XAUUSD for 17.12.2021

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1803. The closest resistance is the level 1815

Key levels

• 1868, 1848, 1831,1815, 1803, 1795, 1782, 1774, 1762

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1803, with Take Profit of 1815 and Stop Loss of 1795

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1795, with Take Profit of 1782 and Stop Loss of 1803