STRATEGY:

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