XAUUSD Is Possibly Bearish

Technical analysis


The RSI is below level 50.

The Stochastics left the oversold zone and headed upwards to level 50.



Most likely scenario – SELL


Target prices: 1,785.35 1,782.47


Alternative scenario – BUY


Target prices: 1,793.32 1,799.15


Key levels


Support 1,785.35 1,782.47

Resistance 1,793.32 1,799.15


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