Contributors Technical Analysis XAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below level 50

The Stochastics is below level 50 and headed downwards to oversold zone

Most likely scenario – SELL

Target prices: 1,781.05 1,776.45

Alternative scenario – BUY

Target prices: 1,789.46 1,793.66

Key levels

Support 1,781.05 1,776.45

Resistance 1,789.46 1,793.66

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