Caution
Our Pivot: 1907.50
Our Preference: Start short selling Gold below 1902.40 with strict stop loss of 1907.50 and profit target at 1892.80 with extension towards 1888.40.
Alternate Scenario: Upward penetration of 1907.50 will call for 1916.
NOTE: GOLD is being capped by 61.8% correction of its last daily and weekly bearish rally and this a crucial region for short term trading. Currently Swing trading between 1907-1885 would be beneficial and breakout of either side would push prices for a new rally in respective direction.
Chart with supports & resistances:
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