Technical analysis XAUUSD for 17.01.2022
17.01.2022 16:35
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. 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 1831
Alternative scenario
Recommended opening long positions (Buy Stop) from the level of 1831, with Take Profit of 1843 and Stop Loss of 1820
Scenario
Recommendation
SELL
Entry Point
Take Profit
1801
Stop Loss
1831
Key Levels
1850, 1843, 1831, 1813, 1801, 1792, 1783, 1771.50, 1753
Alternative scenario
Recommendation
BUY STOP
Entry Point
1831
Take Profit
1843
Stop Loss
1820