Under Pressure
Our Pivot: 1847
Our Preference: Short sell Gold below 1841.00 with strict stop loss of 1847 and profit target at 1830 with extension towards 1821.
Alternate Scenario: Upward penetration of 1847 will call for 1851 and 1854.
NOTE: Gold have penetrated below its major supportive trend line.
Chart with supports & resistances:
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