Currently, the bulls could start the next rise directly from USD 1,640. However, the hurdles at USD 1,660 and USD 1,688 are strong brakes on the way to a price increase. Once the USD 1,688 mark is crossed, the downward impulse of the last few days would be stopped and a new buying wave up to USD 1,735 would be expected.

However, if the opposite were to happen and the price did not rise further or fell below USD 1,640, a sell wave to USD 1,615 would be the consequence. In addition to a possible trend wave, a sell-off to USD 1,575 could no longer be ruled out.