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    HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

    XAUUSD Is Possibly Bearish

    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

     

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