Rebound Insight
Our Pivot: 1736.10
Our Preference: Start buying XAUUSD above 1742.30 with strict stop loss of 1736.10 and profit target at 1751 with extension towards 1755.
Alternate Scenario: Downward penetration of 1736.10 will call for 1731 and 1722.
NOTE: XAUUSD is moving back for correction of its last bearish rally.
Chart with supports & resistances:
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