Under Pressure
Our Pivot: 1851
Our Preference: Short sell below 1844 with strict stop loss of 1851 and profit target at 1831 with extension towards 1825.
Alternate Scenario: Upward penetration of 1851 will call for 1857 and 1865.
NOTE: Gold is being capped by a strong resistant trend line of its descending wedge on hourly chart.
Chart with supports & resistances:
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