Further Advance
Our Pivot: 1811
Our Preference: Start buying XAUUSD above 1818 with strict stop loss of 1811 and profit target at 1829 with extension towards 1835 and 1839.
Alternate Scenario: Downward penetration of 1811 will call for 1806 and 1799.
NOTE: XAUUSD is trying to penetrate above a descending trend line while completing correction of its last bearish rally, Momentum indicators are inching up.
Chart with supports & resistances:
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