XAUUSD Is Possibly Bearish

Technical analysis

The RSI is above level 50 and headed downwards.

The Stochastics left the overbought zone and headed downwards to level 50.



Most likely scenario – SELL

Target prices: 1,785.57 1,777.32


Alternative scenario – BUY

Target prices: 1,801.75 1,817.02


Key levels

Support 1,785.57 1,777.32

Resistance 1,801.75 1,817.02


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