Turning Down
Our Pivot: 1772
Our Preference: Start short selling XAUUSD below 1767.00 with strict stop loss of 1772.00 and profit target at 1755.00 with extension towards 1745.
Alternate Scenario: Upward penetration of 1772.00 will call for 1778 and 1781.
NOTE: XAUUSD is caged inside an ascending wedge and being capped by a horizontal resistant region.
Chart with supports & resistances:
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