Contributors Technical Analysis XAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is at the oversold zone.

The Stochastics is below level 50.

Most likely scenario – SELL

Target prices: 1,793.45 1,789.19

Alternative scenario – BUY

Target prices: 1,800.63 1,805.14

Key levels

Support 1,793.45 1,789.19

Resistance 1,800.63 1,805.14

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