Technical analysis XAUUSD for 28.06.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 1832.00. The closest support is the level 1818.00

Key levels

• 1848.00, 1841.00, 1832.00, 1818.00, 1812.00, 1802.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1832.00, with Take Profit of 1841.00 and Stop Loss of 1825.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1818.00, with Take Profit of 1812.00 and Stop Loss of 1825.00