Turning Down
Our Pivot: 1958
Our Preference: Short sell below 1950 with strict stop loss of 1958 and profit target at 1939 with extension towards 1933.
Alternate Scenario: Upward penetration of 191958 will call for 1967 and 1972.
NOTE: Gold is trying to penetrate supportive trend line of its rising wedge in downward direction.
Chart with supports & resistances:
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