Contributors Technical Analysis XAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below 50

The MACD is below 0 with an indicator staying neutral.

Most likely scenario – SELL

Target prices: 1,784.09 1,776.06

Alternative scenario – BUY

Target prices: 1,793.23 1,800.03

Key levels

Support 1,784.09 1,776.06

Resistance 1,793.23 1,800.03

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