DAILY - After reaching 1623 (127% Fibonacci - weekly range), gold flipped back to the upside but still below 50% Fibonacci. It needs to break yesterday High around 1642 and stable above that level in order to continue its incline and testing last week High around 1656, otherwise more consolidation would be seen within 1643 - 1630 or even flips back to the downside and testing yesterday Low 1622 and even lower to 1617 - 1614 - 1610.
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