Technical analysis XAUUSD for 20.06.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 1848.00. The closest support is the level 1834.00

Key levels

• 1880.00, 1864.00, 1848.00, 1834.00, 1818.00, 1807.60

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1848.00, with Take Profit of 1864.00 and Stop Loss of 1840.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1834.00, with Take Profit of 1818.00 and Stop Loss of 1840.00