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: 1,783.30 1,777.86


Alternative scenario – BUY

Target prices: 1,794.16 1,801.93


Key levels

Support 1,783.30 1,777.86

Resistance 1,794.16 1,801.93


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