Downside Prevails
Our Pivot: 1836.50
Our Preference: Short sell below 1827 strict stop loss of 1836.50 and profit target at 1811 with extension towards 1800.
Alternate Scenario: Upward penetration of 1836.50 will call for 1847 and 1851.
NOTE: Gold is being capped by its previous supportive trend line.
Chart with supports & resistances:
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