Gold still has the energy for upward movement in direction of mid-term resistance at 1689.36-1702.58. But we can get a prior testing of 8-day EMA, which now resides at the mark of $1628 for a troy ounce.
Main scenario: Extension of growth in direction 1677.00 and 1700.00.
Alternative scenario: Decline to 1619.12-1621.46.
Longs in direction 1677.00 and 1700.00.
Shorts to 1619.12-1621.46 (in case of getting confirming signals on H1-chart).
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