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    HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bullish

    XAUUSD Is Possibly Bullish

    Technical analysis

    The price is above EMA(24) and EMA(120), suggesting a prevailing uptrend

    The RSI(14) and the RSI(3) point to an upwards correction

    The candlestick analysis displays a possible movement upward.

    Most likely scenario – BUY

    Target prices: 1,806 1,811 1,816

    Alternative scenario – SELL

    Target prices: 1,800 1,795 1,791

    Key levels

    Support 1,800 1,795 1,791

    Resistance 1,806 1,811 1,816

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