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HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bearish

XAUUSD Is Possibly Bearish

Octa
By Octa

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.

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