Technical analysis XAUUSD for 20.12.2021
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1795. The closest resistance is the level 1803
Key levels
- 1868, 1848, 1831, 1815, 1803, 1795, 1782, 1774, 1762
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1803, with Take Profit of 1795 and Stop Loss of 1806
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1815, with Take Profit of 1831 and Stop Loss of 1803
Scenario
Recommendation
SELL LIMIT
Entry Point
1803
Take Profit
1795
Stop Loss
1806
Key Levels
1868, 1848, 1831, 1815, 1803, 1795, 1782, 1774, 1762
Alternative scenario
Recommendation
BUY STOP
Entry Point
1815
Take Profit
1831
Stop Loss
1803