Contributors Technical Analysis XAUUSD Is Possibly Bullish

XAUUSD Is Possibly Bullish

Technical analysis

The RSI is above level 50.

The Stochastics is near the overbought zone.

Most likely scenario – BUY

Target prices: 1,783.34 1,791.51

Alternative scenario – SELL

Target prices: 1,773.83 1,765.95

Key levels

Support 1,773.83 1,765.95

Resistance 1,783.34 1,791.51

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