Turning Down
Our Pivot: 1877.50
Our Preference: Short sell Gold below 1871.50 with strict stop loss of 1877.50 and profit target at 1860 with extension towards 1855.
Alternate Scenario: Upward penetration of 1877.50 will call for 1881 and 1883.
NOTE: Gold is being capped by a resistant trend line.
Chart with supports & resistances:
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