Turning Down
Our Pivot: 1811.75
Our Preference: Short sell Gold below 1807.40 with strict stop loss of 1811.75 and profit target at 1802 with extension towards and 1795 and 1791.
Alternate Scenario: Upward penetration of 1811 will call for 1816 and 1822.
NOTE: Gold is being capped by supportive trend line of its previous ascending wedge.
Chart with supports & resistances:
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