Technical analysis XAUUSD for 25.01.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1841.25. The closest resistance is the level 1862.00
Key levels
- 1874.25, 1862.00, 1841.25, 1826.00, 1815.00, 1802.50, 1787.75, 1774.50, 1774.50, 1757.50
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1841.25, with Take Profit of 1826.00 and Stop Loss of 1850.00
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1862.00, with Take Profit of 1874.25 and Stop Loss of 1857.15