XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below level 50.

The Stochastics is near the oversold zone.



Most likely scenario – SELL

Target prices: 1,862.14 1,856.24


Alternative scenario – BUY

Target prices: 1,870.74 1,877.56


Key levels

Support 1,862.14 1,856.24

Resistance 1,870.74 1,877.56


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