Turning Down
Our Pivot: 1840.30
Our Preference: Start short selling Gold below 1835.30 with strict stop loss of 1840.30 and profit target at 1824.50 with extension towards 1819.60.
Alternate Scenario: Upward penetration of 1840.30 will call for 1845 and 1851.
NOTE: GOLD is being capped by a horizontal resistant regoin.
Chart with supports & resistances:
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