Contributors Technical Analysis XAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below level 50.

The RSI is at the oversold zone.

Most likely scenario – SELL

Target prices: 1,783.49 1,779.16

Alternative scenario – BUY

Target prices: 1,791.40 1,797.66

Key levels

Support 1,783.49 1,779.16

Resistance 1,791.40 1,797.66

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