Downside Prevails
Our Pivot: 1830
Our Preference: Start short selling XAUUSD below 1824 with strict stop loss of 1830 and profit target at 1817 with extension towards 1813.
Alternate Scenario: Upward penetration of 1830 will call for 1836 and 1841.
NOTE: XAUUSD is moving inside a bearish price channel.
Chart with supports & resistances:
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