Downside Prevails
Our Pivot: 1807.80
Our Preference: Start short selling XAUUSD below 1801 with strict stop loss of 1807.80 and profit target at 1791 with extension towards 1884.
Alternate Scenario: Upward penetration of 1807.80 will call for 1811 and 1817.
NOTE: XAUUSD is expansion mode of its previous bearish flag formation.
Chart with supports & resistances:
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