Under Pressure
Our Pivot: 1903
Our Preference: Short sell Gold below 1895 and average it out till 1898 with strict stop loss of 1903 with profit target at 1885 with extension towards 1880.
Alternate Scenario: Upward penetration of 1903 will call for 1907 and 1912.
NOTE: Gold is being capped by a strong horizontal resistant region along with resistant trend line of its bearish price channel.
Chart with supports & resistances:
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