Technical analysis XAUUSD for 18.01.2022

The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument punched the Tenkan-se and Kijun-sen lines from top to bottom. The closest support is the level 1813. The closest resistance is the level 1831

Key levels

• 1850, 1843, 1831, 1813, 1801, 1792, 1783, 1771.50, 1753

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1801 and Stop Loss of 1825

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1831, with Take Profit of 1843 and Stop Loss of 1825