Under Pressure
Our Pivot: 1846.60
Our Preference: Start short selling Gold below 1838 with strict stop loss of 1846.60 and profit target at 1829 and 1824.
Alternate Scenario: Upward penetration of 1846.60 will call for 1851 and 1853.
NOTE: GOLD had faced rejection from its correction levels.
Chart with supports & resistances:
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