Further Advance
Our Pivot: 1809
Our Preference: Start buying Gold above 1816 with strict stop loss of 1809 and profit target at 1828 with extension towards 1836.
Alternate Scenario: Downward penetration of 1809 will call for 1802 and 1795.
NOTE: Gold is trying to penetrate above a descending trend line while completing correction of its last bearish rally, Momentum indicators are inching up.
Chart with supports & resistances:
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