XAUUSD Is Possibly Bullish

Technical analysis


The CCI suggests a possible upwards correction

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



Most likely scenario – BUY


Target prices: 1,763.29 1,765.01 1,766.94


Alternative scenario – SELL


Target prices: 1,760.80 1,758.99 1,756.62


Key levels


Support 1,760.80 1,758.99 1,756.62

Resistance 1,763.29 1,765.01 1,766.94



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