It’s getting obvious that further decline is unlikely without full-scale upswing. Thus today there is a probability of gold’s quotes recovery in direction 1516.20. And mid-term prospects reside at the 1535.00 region.
Local structure has chaotic shape, but right now tests an important psychological support level 1500.00, from where we can consider long-trades with count on movement towards resistance 1511.70.
Growth to 1511.70 and perhaps to 1516.20.
Longs to 1511.70 and 1516.20.