Downside Prevails
Our Pivot: 1830.50
Our Preference: Start short selling Gold below 1824.60 with strict stop loss of 1830.50 and profit target at 1817.50 and 1814.00.
Alternate Scenario: Upward penetration of 1830.50 will call for 1837 and 1842.
NOTE: GOLD is moving inside a descending price channel.
Chart with supports & resistances:
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