Technical analysis XAUUSD for 21.01.2022

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 1831. The closest resistance is the level 1843

Key levels

• 1858, 1850, 1843, 1831, 1822, 1813, 1801,1792, 1783, 1771.50

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 1831, with Take Profit of 1843 and Stop Loss of 1822

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 1843, with Take Profit of 1831 and Stop Loss of 1850