Technical analysis XAUUSD for 03.08.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 1759.35. The closest resistance is the level 1780.35

Key levels
- 1804.50, 1780.35, 1759.35, 1732.00, 1690.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 1780.35, with Take Profit of 1804.50 and Stop Loss of 1759.35
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 1759.35, with Take Profit of 1732.00 and Stop Loss of 1780.35