HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The price is between EMA(24) and EMA(124), suggesting a flat

The RSI is under 50 suggesting a prevailing downtrend

The CCI suggests correction upwards.

Most likely scenario

SELL

Target prices: 1,809 1,806 1,800

Alternative scenario

BUY

Target prices: 1,815 1,819 1,823

Key levels

Support 1,800 1,806 1,809

Resistance 1,815 1,819 1,823

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.

Featured Analysis

Learn Forex Trading