Main Scenario: As long as Gold stays below 1786, the main trend will be still downwards. Then the precious metal may down to 1756 price level
Target Expectation: 1756
Considerations Supporting The Scenario:
Gold rose on Thursday as concerns over the more infectious Delta variant of COVID-19 bolstered its safe-haven appeal, ahead of U.S. jobs data seen as crucial to the Federal Reserve’s policy outlook.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1786
Alternative Target Expectation: 1817