Wed, Dec 11, 2024 @ 22:45 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Octa
By Octa

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

 

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

Featured Analysis

Load more

Learn Forex Trading

Forex Trading Psychology

The Destructive Power of Revenge Trading

What is Bull and Bear in Forex Market

Low Spread Scalping Strategies

What is Price Action in Forex Trading?

Demo Trading vs. Live Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.