Under Pressure
Our Pivot: 1715.50
Our Preference: Start short selling Gold below 1709.30 with strict stop loss of 1715.50 and profit target at 1702.40 with extension towards 1696.
Alternate Scenario: Upward penetration of 1715.50 will call for 1720 and 1725.
NOTE: GOLD is being caged inside a triangle.
Chart with supports & resistances:
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