Under Pressure
Our Pivot: 1864
Our Preference: Short sell Gold below 1858.00 with strict stop loss of 1864 and profit target at 1852 with extension towards 1849.
Alternate Scenario: Upward penetration of 1864 will call for 1870 and 1874.
NOTE: Gold is moving in a bullish price channel but coming downward to retest its supportive trend line.
Chart with supports & resistances:
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