Further Advance
Our Pivot: 1849
Our Preference: Start buying Gold above 1852 with strict stop loss of 1849 and profit target at 1859 with extension towards 1863.
Alternate Scenario: Downward penetration of 1849 will call for 1845 and 1839.
NOTE: Gold is trading inside an ascending price channel and it has completed its expansion. Key support levels are 1852 and 1849.
Chart with supports & resistances:
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