Downside Prevails
Our Pivot: 1822.30
Our Preference: Start short selling XAUUSD below 1818 with strict stop loss of 1822.30 and profit target at 1812 with extension towards 1805.
Alternate Scenario: Upward penetration of 1822.30 will call for 1828 and 1832.
NOTE: XAUUSD is moving inside a bearish price channel.
Chart with supports & resistances:
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