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    HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

    XAUUSD Is Possibly Bearish

    Technical analysis

    The RSI is at the overbought zone
    The Stochastics is at the overbought zone

    Most likely scenario – SELL

    Target prices: 1,771.54 1,762.34

    Alternative scenario – BUY

    Target prices: 1,781.77 1,791.57

    Key levels

    Support 1,771.54 1,762.34

    Resistance 1,781.77 1,791.57

    Octa
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    Octa (formerly OctaFX) is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 40 million trading accounts.

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