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HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Octa
By Octa

Technical analysis

The RSI is below 50 near the oversold zone

The MACD is below 0 with an indicator pointing down.

Most likely scenario – SELL

Target prices: 1,812.58 1,801.56

Alternative scenario – BUY

Target prices: 1,827.24 1,834.39

Key levels

Support 1,812.58 1,801.56

Resistance 1,827.24 1,834.39

 

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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