Rebound Insight
Our Pivot: 1717.70
Our Preference: Start buying Gold above 1721.80 with strict stop loss of 1717.70 and profit target at 1730.60 and breakout above 1731 will call for 1736.60.
Alternate Scenario: Downward penetration of 1717.70 will call for 1711 and 1706 with extension towards 1697.
NOTE: GOLD is being caged inside a descending wedge formation.
Chart with supports & resistances:
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