Main Scenario: As long as Gold stays below 1791, the main trend will be still downwards. Then the precious metal may down to 1757 price level
Target Expectation: 1757
Considerations Supporting The Scenario:
Last week, gold posted its worst weekly performance since March 2020 after the U.S. Federal Reserve signalled a sooner-than-expected tightening in its monetary policy.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1791
Alternative Target Expectation: 1826