Rebound Insight
Our Pivot: 1840
Our Preference: Start Buying Gold above 1846.40 with strict stop loss of 1840 and profit target at 1853 with extension towards 1857.50.
Alternate Scenario: Downward penetration of 1840 will call for 1833 and 1829.
NOTE: GOLD is trying to establish a bullish price channel after getting support from an ascending trend line.
Chart with supports & resistances:
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