HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

By Octa

Sep 17 21, 07:57 GMT

Technical analysis

The RSI is above 50, near the overbought zone

The Stochastic crossed the overbought zone

Most likely scenario – SELL

Target prices: 1,757.53 1,744.99

Alternative scenario – BUY

Target prices: 1,771.14 1,779.63

Key levels

Support 1,757.53 1,744.99

Resistance 1,771.14 1,779.63

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Gold

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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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