Under Pressure
Our Pivot: 1755.00
Our Preference: Start short selling XAUUSD below 1747.75 with strict stop loss of 1755.00 and profit target at 1736.00 with extension towards 1725.
Alternate Scenario: Upward penetration of 1755.00 will call for 1759 and 1763.
NOTE: XAUUSD is being capped by a descending trend line.
Chart with supports & resistances:
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