Downside Prevails
Our Pivot: 1823.70
Our Preference: Start short selling Gold below 1819 with strict stop loss of 1823.70 and profit target at 1814.00 and 1808.00.
Alternate Scenario: Upward penetration of 1823.70 will call for 1830 and 1834.
NOTE: GOLD is moving inside a descending price channel.
Chart with supports & resistances:
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