Under Pressure
Our Pivot: 1921.60
Our Preference: Start short selling XAUUSD below 1916.50 with strict stop loss of 1921.60 and profit target at 1906.00 with extension towards 1900.
Alternate Scenario: Upward penetration of 1921.60 will call for 1927 and 1932.
NOTE: XAUUSD is being capped by a horizontal resistant region.
Chart with supports & resistances:
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