Further Advance
Our Pivot: 1836
Our Preference: Start Buying XAUUSD above 1842.60 with strict stop loss of 1836.00 and profit target at 1850.00 with extension towards 1856.
Alternate Scenario: Downward penetration of 1836.00 will call for 1832 and 1828.
NOTE: XAUUSD is being capped by a descending trend line after completion of 61.8% correction of its last bearish rally but it seems bullish to post a double top.
Chart with supports & resistances:
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