Local structure has tangible higher low that is inherent to reversals of the trend. Besides, we see a very strong support at 1681.53-1683.56, where we can notice activity of buyers.
In case of growth to the psychological level 1700.00 mid-term downtrend of gold will be over. And such scenario appears very feasible.
So, we expect growth to 1700.00 and then correction of the price to 1690.00-1692.00.
Longs to 1700.00.
Shorts from 1700.00 to 1690.00-1692.00.
New longs from 1690.00-1692.00.
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