Technical analysis XAUUSD for 14.01.2022
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 1820. The closest resistance is the level 1840
Key levels
- 1862.5, 1840, 1820, 1800, 1780, 1760, 1740
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1820, with Take Profit of 1840 and Stop Loss of 1800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1800, with Take Profit of 1780 and Stop Loss of 1820