Downside Prevails
Our Pivot: 1839.50
Our Preference: Start short selling Gold below 1832.30 with strict stop loss of 1839.50 and profit target at 1820.30 and 1814.70.
Alternate Scenario: Upward penetration of 1839.50 will call for 1845 and 1849.
NOTE: GOLD is moving inside a descending price channel.
Chart with supports & resistances:
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