Under Pressure
Our Pivot: 1851
Our Preference: Start short selling XAUUSD below 1845.00 with strict stop loss of 1851.00 and profit target at 1833.00 with extension towards 1828.
Alternate Scenario: Upward penetration of 1851.00 will call for 1857 and 1865.
NOTE: XAUUSD is being Capped by a rising trend line along with a horizontal resistant region, meanwhile intraday momentum indicators are also losing strength.
Chart with supports & resistances:
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