Under Pressure
Our Pivot: 1792.50
Our Preference: Short sell Gold below 1787 with strict stop loss of 1792.50 and profit target at 1775 with extension towards 1767.
Alternate Scenario: Upward penetration of 1792.50 will call for 1802 and 1806.
NOTE: Gold is moving in a bearish price channel and its being capped by a resistant trend line of said channel along with a strong horizontal resistant region.
Chart with supports & resistances:
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