Downside Prevails
Our Pivot: 1761
Our Preference: Short sell Gold below 1756 with strict stop loss of 1761 and profit target at 1747 and 1745 with extension towards 1738.
Alternate Scenario: Upward penetration of 1761 will call for 1763 and 1765.
NOTE: Gold is moving downward after breakout below its major supportive trend line.
Chart with supports & resistances:
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