Technical analysis XAUUSD for 22.08.2022
22.08.2022 18:05
Intraday
Technical
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 support is the level 1732. The closest resistance is the level 1745
Key levels
- 1795, 1775, 1761, 1745, 1732, 1713
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1745, with Take Profit of 1761 and Stop Loss of 1732
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1732, with Take Profit of 1713 and Stop Loss of 1745
Scenario
Recommendation
BUY STOP
Entry Point
1745
Take Profit
1761
Stop Loss
1732
Key Levels
1795, 1775, 1761, 1745, 1732, 1713
Alternative scenario
Recommendation
SELL STOP
Entry Point
1732
Take Profit
1713
Stop Loss
1745