HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below 50

The Stochastics crossed the overbought zone and points downwards.

Most likely scenario – SELL

Target prices: 1,721.04 1,712.81

Alternative scenario – BUY

Target prices: 1,734.59 1,735.75

Key levels

Support 1,721.04 1,712.81

Resistance 1,734.59 1,735.75

Octa
Octahttp://octaengine.com/c/?p=203&bt=gif&b=2369
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.

Featured Analysis

Learn Forex Trading