Under Pressure
Our Pivot: 1794.50
Our Preference: Short sell Gold below 1790.50 with strict stop loss of 1794.50 and profit target at 1783.50 with extension towards 1779.50.
Alternate Scenario: Upward penetration of 1794.50 will call for 1797 and 1803.
NOTE: Gold is moving in a bearish price channel on hourly chart.
Chart with supports & resistances:
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