Turning Down
Our Pivot: 1885
Our Preference: Start short selling XAUUSD below 1875.70 with strict stop loss of 1881.00 and profit target at 1863.00 with extension towards 1850.
Alternate Scenario: Upward penetration of 1881.00 will call for 1887 and 1895.
NOTE: XAUUSD is moving downward after facing rejection from a resistant trend line and intraday momentum indicators have changed their direction towards bearish side.
Chart with supports & resistances:
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