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XAUUSD Is Possibly Bearish

OctaFX
By OctaFX

Technical analysis

The RSI is below level 50.

The Stochastics left the overbought zone and headed downwards to level 50.

Most likely scenario – SELL

Target prices: 1,790.07 1,783.84

Alternative scenario – BUY

Target prices: 1,799.57 1,811.63

Key levels

Support 1,790.07 1,783.84

Resistance 1,799.57 1,811.63

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