Under Pressure
Our Pivot: 1815.80
Our Preference: Start short selling Gold below 1810.50 with strict stop loss of 1815.80 and profit target at 1803 with extension towards 1797.
Alternate Scenario: Upward penetration of 1815.80 will call for 1818 and 1823.
NOTE: Gold is being capped by a descending trend line and intraday indicators have changed their direction towards bearish side.
Chart with supports & resistances:
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