Contributors Technical Analysis XAUUSD Is Possibly Bullish

XAUUSD Is Possibly Bullish

Technical analysis

The RSI is below level 50 and headed upwards.

The Stochastics is above level 50 and headed upwards to overbought zone.

Most likely scenario – BUY

Target prices: 1,790.54 1,793.10

Alternative scenario – SELL

Target prices: 1,783.40 1,779.89

Key levels

Support 1,783.40 1,779.89

Resistance 1,790.54 1,793.10

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