HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below level 50.

The Stochastics is near the overbought zone.

Most likely scenario – SELL

Target prices: 1,798.28 1,793.80

Alternative scenario – BUY

Target prices: 1,806.72 1,813.62

Key levels

Support 1,798.28 1,793.80

Resistance 1,806.72 1,813.62

 

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