XAUUSD Is Possibly Bullish

Technical analysis


The price is above EMA(24) and EMA(120), suggesting a prevailing uptrend

The RSI(14) and the RSI(3) point to a possible upward movement.


The Ichimoku indicator displays a prevailing uptrend.


Most likely scenario – BUY


Target prices: 1,778 1,783


Alternative scenario – SELL


Target prices: 1,771 1,766


Key levels


Support 1,778 1,783

Resistance 1,771 1,766


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