XAUUSD TRADING 19/05/2022

 

XAUUSD IS POSSIBLY BEARISH (INTRADAY)

Technical analysis

• The RSI is below level 50 and headed upwards.

• The Stochastics is below level 50.

Most likely scenario – SELL

Target prices: 1,810.72  1,806.67

Alternative scenario – BUY

Target prices: 1,817.03   1,822.01

Key levels

Support          1,810.72  1,806.67

Resistance      1,817.03   1,822.01