HomeContributorsTechnical AnalysisXAUUSD Is Possibly Bullish

XAUUSD Is Possibly Bullish

Technical analysis

The RSI(14) and the RSI(3) both suggest an upwards movement.

The price is above EMA(120) and EMA(24) which is advantageous for bulls

Most likely scenario – BUY

Target prices: 1,778.16 1,781.39 1,785.14

Alternative scenario – SELL

Target prices: 1,773.66 1,766.54 1,760.28

Key levels

Support 1,773.66 1,766.54 1,760.28

Resistance 1,778.16 1,781.39 1,785.14

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