Gold continues to probe support area 1479.35-1483.60. Though it only increases a probability of new upswing start as downswing doesn’t have big prospects already.
Local structure is still trending down making possible one more testing of support area 1485.35-1486.05. Thus today’s scenario is touch of 1485.35-1486.05 zone and upward bounce in direction 1495.00-1500.00.
Decline to 1485.35-1486.05 and following upward bounce to 1495.00-1500.00.
Shorts towards 1485.35-1486.05.
Longs from 1485.35-1486.05 to 1495.00-1500.00