Under Pressure
Our Pivot: 1856
Our Preference: Start short selling Gold below 1849.00 with strict stop loss of 1856 and profit target at 1838 with extension towards 1835.
Alternate Scenario: Upward penetration of 1856 will call for 1861 and 1863.
NOTE: GOLD have successfully penetrated below its major supportive region.
Chart with supports & resistances:
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