Downside Prevails
Our Pivot: 1840
Our Preference: Start shot selling Gold below 1831.50 with strict stop loss of 1840 and profit target at 1815.60 with extension towards 1811 and 1807.
Alternate Scenario: Upward penetration of 1840 will call for 1846 and 1851.
NOTE: GOLD had penetrated below its major supportive region of 1832.
Chart with supports & resistances:
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