XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below 50

The Stochastics crossed the overbought zone and points downwards.


Most likely scenario – SELL

Target prices: 1,721.04 1,712.81


Alternative scenario – BUY

Target prices: 1,734.59 1,735.75


Key levels

Support 1,721.04 1,712.81

Resistance 1,734.59 1,735.75


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