Main Scenario: As long as Gold stays below 1889 the main trend will be still downwards. Then the precious metal may down to 1886 price level
Target Expectation: 1886
Considerations Supporting The Scenario:
Gold prices edged lower on Friday, as an uptick in the dollar and U.S. Treasury yields weighed on the safe-haven metal, while investors awaited crucial U.S. inflation data due later in the day to gauge inflationary pressure.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1889
Alternative Target Expectation: 1892