Under Pressure
Our Pivot: 1882.50
Our Preference: Short sell Gold below 1878.00 with strict stop loss of 1882.50 and profit target at 1872 with extension towards 1867 and 1863.
Alternate Scenario: Upward penetration of 1882.50 will call for 1885 and 1889.
NOTE: Gold is being capped by its previous supportive trend line.
Chart with supports & resistances:
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