Under Pressure
Our Pivot: 1775.65
Our Preference: Short sell Gold below 1769 with strict stop loss of 1775.65 and profit target at 1754 with extension towards 1749.
Alternate Scenario: Upward penetration of 1775.65 will call for 1781 and 1784.
NOTE: Gold is moving in a bearish price channel after bearish breakout of its rising wedge.
Chart with supports & resistances:
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