Under Pressure
Our Pivot: 1835
Our Preference: Start short selling XAUUSD below 1828 with strict stop loss of 1835 and profit target at 1813 with extension towards 1807.
Alternate Scenario: Upward penetration of 1835 will call for 1842.
NOTE: XAUUSD is being inside a bearish price channel.
Chart with supports & resistances:
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