Downside Prevails
Our Pivot: 1841.40
Our Preference: Start short selling Gold below 1837.00 with strict stop loss of 1841.40 and profit target at 1828.00 with extension towards 1822.
Alternate Scenario: Upward penetration of 1841.40 will call for 1845 and 1851.
NOTE: GOLD is moving inside a bearish channel for expansion of its recent bearish correction.
Chart with supports & resistances:
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