Gold market shifted to the stage of growth, but prospects of this growth are not too big so far as movement was launched without direct long-signal. Nevertheless 1560.00-1570.00 zone is quite feasible target for today.
Local structure has unsteady tone of uptrend despite bullish momentum, therefore potential for the break of strong levels is limited. Thus we can get a downward reversal from resistance level 1556.00.
So, we expect growth to 1556.00 and then a reversal in direction 1548.00-1550.00.
Longs to 1556.00.
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