Turning Down
Our Pivot: 1750.75
Our Preference: Start short selling XAUUSD below 1746.00 with strict stop loss of 1750.75 and profit target at 1737.90 with extension towards 1732.
Alternate Scenario: Upward penetration of 1750.75 will call for 1755 and 1757.
NOTE: XAUUSD is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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