Under Pressure
Our Pivot: 1924.50
Our Preference: Start short selling Gold below 1919.30 with strict stop loss of 1924.50 and profit target at 1909.00 with extension towards 1902.00.
Alternate Scenario: Upward penetration of 1924.50 will call for 1929 and 1933.
NOTE: GOLD is moving inside a bullish price channel and its trying to penetrate below supportive trend line of said channel.
Chart with supports & resistances:
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