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HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below 50

The Stochastics indicates a downwards direction.

Most likely scenario – SELL

Target prices: 1,740.10 1,737.05

Alternative scenario – BUY

Target prices: 1,754.48 1,761.47

Key levels

Support 1,740.10 1,737.05

Resistance 1,754.48 1,761.47

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