Downside Prevails
Our Pivot: 1818
Our Preference: Short sell below 1809 with strict stop loss of 1818 and profit target at 1793 with extension towards 1783.
Alternate Scenario: Upward penetration of 1818 will call for 1825 and 1829.
NOTE: Gold is in expansion mode of its previous bearish rally.
Chart with supports & resistances:
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