Technical analysis XAUUSD for 16.06.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1830. The closest resistance is the level 1846
Key levels
- 1880, 1864, 1846, 1830, 1811, 1790
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1830, with Take Profit of 1811 and Stop Loss of 1846
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1846, with Take Profit of 1864 and Stop Loss of 1830