Under Pressure
Our Pivot: 1851
Our Preference: Short sell Gold below 1842.00 with strict stop loss of 1851 and profit target at 1830 with extension towards 1823.
Alternate Scenario: Upward penetration of 1851 will call for 1857 and 1864.
NOTE: Gold have given bearish breakout of its bullish price channel on hourly chart.
Chart with supports & resistances:
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