XAUUSD Is Possibly Bullish

Technical analysis


The RSI(14), the RSI(3) and the CCI point to a possible upwards correction.

The Ichimoku indicator displays a prevailing downtrend.


Most likely scenario – BUY


Target prices: 1,755 1,758


Alternative scenario – SELL


Target prices: 1,749 1,745


Key levels


Support 1,755 1,758

Resistance 1,749 1,745


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