Rebound Insight
Our Pivot: 1868.50
Our Preference: Start buying above 1873 with strict stop loss of 1868.50 and profit target at 1882 with extension towards 1884 and 1887.
Alternate Scenario: Downward penetration of 1868.50 will call for 1864 and 1861.
NOTE: Gold is caged in an ascending wedge on hourly chart and right now its trying to bounce back after getting support from a strong horizontal supportive region.
Chart with supports & resistances:
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