Under Pressure
Our Pivot: 1837
Our Preference: Start short selling Gold below 1829 with strict stop loss of 1837 and profit target at 1814 and 1808.
Alternate Scenario: Upward penetration of 1837 will call for 1842 and 1845.
NOTE: GOLD is being capped by a horizontal resistant region inside a bearish price channel.
Chart with supports & resistances:
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