XAUUSD Is Possibly Bullish

Technical analysis



The RSI(14) and the RSI(3) both suggest an upwards movement.

The price is above EMA(120) and EMA(24) which is advantageous for bulls.


Most likely scenario – BUY


Target prices: 1,788.27 1,790.37 1,793.05


Alternative scenario – SELL


Target prices: 1,785.14 1,781.39 1,778.16


Key levels


Support 1,785.14 1,781.39 1,778.16

Resistance 1,788.27 1,790.37 1,793.05



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