Technical analysis XAUUSD for 21.12.2022

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 ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1811.50. The closest resistance is the level 1822.25

Key levels

• 1836.00, 1822.25, 1811.50, 1800.00, 1785.50

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1822.25, with Take Profit of 1836.00 and Stop Loss of 1811.50

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1811.50, with Take Profit of 1800.00 and Stop Loss of 1822.25