XAUUSD Is Possibly Bearish

Technical analysis


The RSI is below 50

The Stochastics indicates a downwards direction.


Most likely scenario – SELL


Target prices: 1,740.10 1,737.05


Alternative scenario – BUY


Target prices: 1,754.48 1,761.47

Key levels


Support 1,740.10 1,737.05


Resistance 1,754.48 1,761.47


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