XAUUSD Analysis 20/05/2022

 

XAUUSD IS POSSIBLY BULLISH (INTRADAY)

Technical analysis

• The RSI is at the overbought zone.

• The Stochastics is at the overbought zone.

Most likely scenario – BUY

Target prices: 1,854.23   1,863.98

Alternative scenario – SELL

Target prices: 1,835.95    1,823.52

Key levels

Support          1,835.95    1,823.52

Resistance      1,854.23   1,863.98