Main Scenario: As long as Gold stays below 1730 the main trend will be still downwards. Then the precious metal may go down to to 1722 price level
Target Expectation: 1722
Considerations Supporting The Scenario:
Gold prices inched lower on Monday as the U.S. dollar and global share markets firmed on the back of improving economic outlook, with elevated bond yields putting further pressure on the metal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1732
Alternative Target Expectation: 1735