Downside Prevails
Our Pivot: 1836.50
Our Preference: Start short selling XAUUSD below 1830.20 with strict stop loss of 1836.50 and profit target at 1823 with extension towards 1817.
Alternate Scenario: Upward penetration of 1836.50 will call for 1841 and 1845.
NOTE: XAUUSD is moving inside a bearish price channel.
Chart with supports & resistances:
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