Technical analysis XAUUSD for 22.12.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains 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 1807. The closest resistance is the level 1796

Key levels

• 1838, 1823, 1807, 1796, 1780

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 1807, with Take Profit of 1823 and Stop Loss of 1796

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 1796, with Take Profit of 1780 and Stop Loss of 1807