XAUUSD Is Possibly Bearish

Technical analysis


The price is between EMA(24) and EMA(124), suggesting a flat

The RSI is under 50 suggesting a prevailing downtrend


The CCI suggests correction upwards.


Most likely scenario


SELL

Target prices: 1,809 1,806 1,800

Alternative scenario

BUY


Target prices: 1,815 1,819 1,823

Key levels


Support 1,800 1,806 1,809

Resistance 1,815 1,819 1,823


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