Bullish bias above 1895
Our Pivot: 1895.00
Our Preference: Start buying XAUUSD above 1904.30 with strict stop loss of 1895.00 and profit target at 1912.50 and 1916.
Alternate Scenario: Downward penetration of 1895 will call for 1886 and 1881.
NOTE: XAUUSD is being supported by an ascending trend line along with a strong horizontal supportive region.
Chart with supports & resistances:
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