Further Advance
Our Pivot: 1838.60
Our Preference: Start Buying Gold above 1844.20 with strict stop loss of 1838.60 and profit target at 1851.70 with extension towards 1857.50.
Alternate Scenario: Downward penetration of 1838.60 will call for 1832 and 1839.
NOTE: GOLD is capped by a descending trend line after completion of correction of its last bearish rally and it would try to penetrate above this line after mid cycle accumulation.
Chart with supports & resistances:
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