Rebound Insight
Our Pivot: 1943
Our Preference: Start buying Gold above 1952 and average it out till 1948 with strict stop loss of 1943 and profit target at 1963 with extension towards 1968.
Alternate Scenario: Downward penetration of 1943 will call for 1936 and 1926.
NOTE: Gold is moving inside a descending wedge and its ready for bullish breakout of resistant trend line of said wedge, hourly momentum indicators have already created pull back signs.
Chart with supports & resistances:
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