Gold market as we anticipated retained flat tone and continues to stay in the range between support 1690.71 and resistance 1720.35. Optimal trading tactics might be longs from the lower border of the range, where a corrective swing might be formed today and a probability of new strong upward movement respectively.
Decline in direction 1690.00-1692.00 with following upward bounce.
Shorts to 1690.00-1692.00.
Longs from 1690.00-1692.00 (in case of getting a confirming signal at this area).
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