Downside Prevails
Our Pivot: 1809.20
Our Preference: Start short selling Gold below 1802 with strict stop loss of 1809.20 and profit target at 1793 and 1786.00.
Alternate Scenario: Upward penetration of 1809.20 will call for 1813.50 and 1818.
NOTE: GOLD is moving downward for expansion of bearish flag formation.
Chart with supports & resistances:
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