Technical analysis XAUUSD for 05.10.2022
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 trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1715. The closest resistance is the level 1735

Key levels
- 1735, 1715, 1705, 1695, 1685, 1670, 1655
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 1735 and Stop Loss of 1715
Alternative scenario
- Recommended opening short positions (Sell Limit) from the level of 1705, with Take Profit of 1685 and Stop Loss of 1715