Turning Down
Our Pivot: 1748.50
Our Preference: Start short selling Gold below 1743.80 with strict stop loss of 1748.50 and profit target at 1735.80 and 1731.50.
Alternate Scenario: Upward penetration of 1748.50 will call for 1753 and 1757.
NOTE: GOLD is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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