HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is above level 50 and headed downwards.

The Stochastics is above level 50.

Most likely scenario – SELL

Target prices: 1,785.77 1,783.40

Alternative scenario – BUY

Target prices: 1,789.53 1,791.65

Key levels

Support 1,785.77 1,783.40

Resistance 1,789.53 1,791.65

 

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