Technical analysis XAUUSD for 06.01.2022
The Tenkan-sen line crosses from top to bottom the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument broke through the lower border of the cloud and continued to fall. The closest support is the level 1792. The closest resistance is the level 1801
Key levels
- 1843, 1831, 1813, 1801, 1792, 1783, 1771.50, 1753
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 1801, with Take Profit of 1783 and Stop Loss of 1813
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 1792, with Take Profit of 1813 and Stop Loss of 1783