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    HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

    XAUUSD Is Possibly Bearish

    Octa
    By Octa

    Technical analysis

    The RSI is above level 50

    The Stochastics left the overbought zone and headed downwards to level 50.

    Most likely scenario – SELL

    Target prices: 1,753.14 1,745.99

    Alternative scenario – BUY

    Target prices: 1,762.93 1,770.27

    Key levels

    Support 1,753.14 1,745.99

    Resistance 1,762.93 1,770.27

    Octa
    Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
    Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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