XAUUSD Is Possibly Bearish

Technical analysis

The RSI is above level 50 and headed downwards.

The Stochastics is at the overbought zone.

Most likely scenario – SELL

Target prices: 1,769.66 1,764.84

Alternative scenario – BUY

Target prices: 1,779.03 1,784.23

Key levels

Support 1,769.66 1,764.84

Resistance 1,779.03 1,784.23