Currently we're having trouble breaking the 8300 resistance barrier.
I believe 12.00h-14.00h will be a crucial time where we'll either find support around 7800 (pink) before following the trend up or break down from the 7800 mark.
(green) If we can hold the 7800 and break through the 8300 resistance, I expect a breakout to 9300,
(blue) If we can hold the 7800 but fail to break through the 8300 resistance, we'll retest the new support and try to break out again.
(red) If we fail to hold the 7800, I expect a decline to somewhere between 7250 (50% fib) and 6900 (61.8% fib).
Judging from the momentum I expect the price to fall to somewhere between 7250 and 6900.