Contributors Technical Analysis XAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below 50

The MACD is above 0, with the indicator line pointing down.

Most likely scenario – SELL

Target prices: 1,791.70 1,779.34

Alternative scenario – BUY

Target prices: 1,809.08 1,814.73

Key levels

Support 1,791.70 1,779.34

Resistance 1,809.08 1,814.73

 

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