Rebound Insight
Our Pivot: 1890.00
Our Preference: Start buying XAUUSD above 1895.30 with strict stop loss of 1890.00 and profit target at 1901.00 and 1904.
Alternate Scenario: Downward penetration of 1890 will call for 1886 and 1881.
NOTE: XAUUSD is moving inside a bearish price channel and a flag formation is taking place on hourly chart.
Chart with supports & resistances:
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