Further Advance
Our Pivot: 1846
Our Preference: Start Buying Gold above 1851.50 with strict stop loss of 1846 and profit target at 1858 with extension towards 1862.
Alternate Scenario: Downward penetration of 1846 will call for 1839 and 1829.
NOTE: GOLD had penetrated above its major resistant region and a descending trend line.
Chart with supports & resistances:
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