Technical analysis XAUUSD for 28.09.2022

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 1650. The closest resistance is the level 1660

Key levels

• 1690, 1675, 1660, 1650, 1640, 1625, 1615

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1660, with Take Profit of 1675 and Stop Loss of 1650

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1650, with Take Profit of 1625 and Stop Loss of 1660