Rebound Insight
Our Pivot: 1927.50
Our Preference: Buy Gold above 1931 with strict stop loss of 1927.50 and profit target at 1940 with extension towards 1945.
Alternate Scenario: Downward penetration of 1927.50 will call for 1924 and 1921.
NOTE: Gold have given breakout of major resistant trend line in upward direction on hourly chart, mean while hourly momentum indicators are in bullish direction.
Hourly chart with supports & resistances:
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