HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bullish

XAUUSD Is Possibly Bullish

Technical analysis

The price rebounded from the Fibonacci fan support line and broke the crucial level of 1,760.

The ССI indicator displays a possible switch to a bullish sentiment.

Most likely scenario – BUY

Target prices: 1,763.29 1,766.84

Alternative scenario – SELL

Target prices: 1,756.62 1,753.65

Key levels

Support 1,756.62 1,753.65

Resistance 1,763.29 1,766.84

 

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