Technical analysis XAUUSD for 25.07.2022
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 ready to roll over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1723.50. The closest resistance is the level 1735.25

Key levels
- 1747.25, 1735.25, 1723.50, 1713.50, 1702.75
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 1723.50, with Take Profit of 1735.25 and Stop Loss of 1713.50
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1713.50, with Take Profit of 1702.75 and Stop Loss of 1723.50