As we see downswing didn’t get a significant development. Instead of this market switched to the phase of upswing. Potential of its development is not too big so far as structure got bearish tone last week. Therefore we can assume that gold won’t go above the closest high 1720.35 and we can expect a downward reversal from this level in direction 1690.71.
So, we expect end of growth at 1711.18-1712.41 and then decline in direction 1691.35.
Shorts from 1711.18-1712.41 to 1691.35.
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