HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bullish

XAUUSD Is Possibly Bullish

Technical analysis

The RSI is at the overbought zone.

The Stochastics is near the overbought zone.

Most likely scenario – BUY

Target prices: 1,798.66 1,804.92

Alternative scenario – SELL

Target prices: 1,789.03 1,783.05

Key levels

Support 1,789.03 1,783.05

Resistance 1,798.66 1,804.92

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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