Rebound Insight
Our Pivot: 1933.00
Our Preference: Buy Gold (GC) above 1937 with strict stop loss of 1933.00 and profit target at 1945 with extension towards 1947.
Alternate Scenario: Downward penetration of 1933.00 will call for 1930 and 1925.
NOTE: Gold have given breakout of major resistant trend line in upward direction on hourly chart, mean while hourly momentum indicators are in bullish direction.
Hourly chart with supports & resistances:
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