Technical analysis XAUUSD for 21.10.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains 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 1600. The closest resistance is the level 1635

Key levels
- 1745, 1680, 1635, 1600, 1565, 1525
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 1600, with Take Profit of 1525 and Stop Loss of 1635
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 1635, with Take Profit of 1680 and Stop Loss of 1600