Downside Prevails
Our Pivot: 1789
Our Preference: Short sell below 1781 with strict stop loss of 1789 and profit target at 1766 with extension towards 1754 and 1749.
Alternate Scenario: Upward penetration of 1789 will call for 1795 and 1802.
NOTE: Gold is being capped by a descending trend line.
Chart with supports & resistances:
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