So, today bears have renewed local low, therefore development of downswing probably will be extended up to the pivot-zone 1516.00-1519.00.
Local downward structure has fully completed corrective upswing allowing to consider selling gold from current levels with count on move under the closest low (1535.71).
Decline under 1535.71 with aim at 1516.00-1518.00.
Shorts to 1535.71 with holding positions towards 1516.00-1518.00.
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