Upside Prevails
Our Pivot: 1844.70
Our Preference: Start buying XAUUSD above 1850.50 with strict stop loss of 1844.70 and profit target at 1859 with extension towards 1863 and 1867.
Alternate Scenario: Downward penetration of 1844.70 will call for 1839 and 1832.
NOTE: XAUUSD is moving inside an ascending price channel after bullish breakout of its triangle.
Chart with supports & resistances:
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