Under Pressure
Our Pivot: 1717
Our Preference: Start short selling XAUUSD below 1711.00 with strict stop loss of 1717.00 and profit target at 1705.00 with extension towards 1697.
Alternate Scenario: Upward penetration of 1717.00 will call for 1722 and 1727.
NOTE: XAUUSD is caged inside a triangle.
Chart with supports & resistances:
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