Further Advance
Our Pivot: 1846
Our Preference: Start buying XAUUSD above 1850.70 with strict stop loss of 1846 and profit target at 1860.00 with extension towards 1866.00.
Alternate Scenario: Downward penetration of 1846 will call for 1842 and 1838.
NOTE: XAUUSD is moving inside a bullish price channel and trying to establish ground above a horizontal supportive region.
Chart with supports & resistances:
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