Main Scenario: As long as Gold stays below 1738, the main trend will be downwards. Then the precious metal may down to 1676 price level
Target Expectation: 1676
Considerations Supporting The Scenario:
Gold prices edged higher on Tuesday, after touching a four-month low in the previous session, as the dollar paused its rally, spurring demand for the safe-haven metal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1738
Alternative Target Expectation: 1753