Turning Down
Our Pivot: 1863
Our Preference: Start short selling Gold below 1855 with strict stop loss of 1863.00 and profit target at 1846.00 and 1841.50 with extension towards 1834.
Alternate Scenario: Upward penetration of 1863.00 will call for 1867 and 1871.
NOTE: GOLD is being capped by a horizontal resistant region along with resistant trend line of its ascending wedge.
Chart with supports & resistances:
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