Local downward structure undergoes another trending stage. Thus if quotes get below the closest low (1670.96), we would expect further downward movement in direction 1643.31.
We can consider a reversal only in case resistance 1684.10 is broken (red arrow). Within such scenario the asset will recover to 1707.30-1711.52.
Main scenario: Decline in direction 1643.31.
Alternative scenario: Growth above 1684.10 and extension of gold recovery to 1707.30-1711.52.
Shorts to 1643.31.
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