Technical analysis XAUUSD for 13.05.2022

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 1819. The closest resistance is the level 1831

Key levels

• 1889, 1870, 1854, 1842, 1831, 1813, 1792

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1831, with Take Profit of 1813 and Stop Loss of 1842

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1842, with Take Profit of 1854 and Stop Loss of 1831