Technical analysis XAUUSD for 14.06.2022

Tenkan-sen and Kijun-sen lines are merged. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 1828. The closest resistance is the level 1837

Key levels

• 1867, 1849, 1837, 1828, 1819, 1807, 1790

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 1807 and Stop Loss of 1837

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1837, with Take Profit of 1849 and Stop Loss of 1828