STRATEGY:

Main Scenario: As long as Gold  stays below 1768,  the main trend will be downwards. Then the precious metal may down to 1711 price level

Target Expectation: 1711

Considerations Supporting The Scenario: 

Gold prices held steady on Tuesday, as concerns over a potential fallout of Chinese property developer Evergrande’s unsolved debt crisis provided some respite to the safe-haven metal against a firmer dollar and elevated U.S. Treasury yields.

Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1768

Alternative Target Expectation: 1793