XAUUSD Is Possibly Bearish

Technical analysis

The RSI is above level 50 and headed downwards.

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

Most likely scenario – SELL

Target prices: 1,787.66 1,783.84

Alternative scenario – BUY

Target prices: 1,795.49 1,799.97

Key levels

Support 1,787.66 1,783.84

Resistance 1,795.49 1,799.97