Further Advance
Our Pivot: 1844.20
Our Preference: Start Buying XAUUSD above 1850.80 with strict stop loss of 1844.20 and profit target at 1860.00 with extension towards 1862.00 and breakout above 1862 will call for 1880.
Alternate Scenario: Downward penetration of 1844.20 will call for 1837 and 1832.
NOTE: XAUUSD is being capped by a descending trend line but a bullish breakout is insight.
Chart with supports & resistances:
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