Technical analysis XAUUSD for 30.06.2022
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 trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1798.50. The closest resistance is the level 1807.25
Key levels
- 1832, 1823.25, 1815.50, 1807.25, 1798.50, 1789.25
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1807.25, with Take Profit of 1798.50 and Stop Loss of 1815.5
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1815.5, with Take Profit of 1823.25 and Stop Loss of 1811.5