Technical analysis XAUUSD for 28.12.2021

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 is 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

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

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1803 and Stop Loss of 1818

Alternative scenario

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