Rebound Insight
Our Pivot: 1837.00
Our Preference: Start Buying XAUUSD above 1840.10 with strict stop loss of 1837.00 and profit target at 1844.10 with extension towards 1847.00.
Alternate Scenario: Downward penetration of 1837.00 will call for 1832 and 1828.
NOTE: XAUUSD is trying to bounce back after getting support from an ascending trend line.
Chart with supports & resistances:
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