Main Scenario: As long as Gold stays below 1727 the main trend will be still downwards. Then the precious metal may go down to to 1689 price level
Target Expectation: 1689
Considerations Supporting The Scenario:
Gold prices slipped on Tuesday to their lowest in more than two weeks, weighed down by a firm U.S. dollar and Treasury yields as expectations of a swift economic turnaround grew with vaccination rates gaining traction.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1727
Alternative Target Expectation: 1743