Turning Down
Our Pivot: 1902
Our Preference: Short sell Gold below 1895 with strict stop loss of 1902 with profit target at 1883 with extension towards 1878.
Alternate Scenario: Upward penetration of 1902 will call for 1907 and 1912.
NOTE: Gold is being capped by resistant trend line of its descending channel on daily chart.
Chart with supports & resistances:
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