Technical analysis XAUUSD for 03.10.2022
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 ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1685. The closest resistance is the level 1695
Key levels
- 1735, 1715, 1705, 1695, 1685, 1670, 1655
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1685, with Take Profit of 1670 and Stop Loss of 1695
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1695, with Take Profit of 1715 and Stop Loss of 1685