Under Pressure
Our Pivot: 1889
Our Preference: Short sell Gold below 1883.50 with strict stop loss of 1889 with profit target at 1877 with extension towards 1869.
Alternate Scenario: Upward penetration of 1889 will call for 1897 and 1902.
NOTE: Gold is moving downward after completing 61.8% correction of its last bearish rally and facing rejection from a resistant trend line.
Chart with supports & resistances:
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