Gold is forming corrective downswing and it may take 2 days to complete it (today and tomorrow). It’s likely that they will be actively buying the asset at the support area 1689.36-1702.58 today.
Main scenario: Upward bounce off 1707.89 and growth in direction 1730.00-1740.00.
Alternative scenario: Break of support 1707.89 and decline to 1692.50.
Above 1707.89 - longs to 1730.00-1740.00.
Below 1707.89 - shorts to 1692.50.
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