Caution
Our Pivot: 1845
Our Preference: Start buying XAUUSD above 1850.00 with strict stop loss of 1845.00 and profit target at 1858.00 with extension towards 1865.
Alternate Scenario: Downward penetration of 1845.00 will call for 1836 and 1832.
NOTE: XAUUSD is being supported by a rising trend line along with a horizontal supportive region.
Chart with supports & resistances:
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