HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bullish

XAUUSD Is Possibly Bullish

Technical analysis

The price is above EMA(24) and EMA(120), suggesting a prevailing uptrend

The RSI(14) and the RSI(3) point to an upwards correction

The candlestick analysis displays a possible movement upward.

Most likely scenario – BUY

Target prices: 1,806 1,811 1,816

Alternative scenario – SELL

Target prices: 1,800 1,795 1,791

Key levels

Support 1,800 1,795 1,791

Resistance 1,806 1,811 1,816

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