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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