Main Scenario: As long as Gold stays below 1785, the main trend will be downwards. Then the precious metal may down to 1776 price level
Target Expectation: 1809
Considerations Supporting The Scenario:
Gold prices were little changed on Monday as a robust dollar kept the metal pressured, while investors cautiously awaited a key U.S. Federal Reserve meeting after data showed another uptick in inflation.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1785
Alternative Target Expectation: 1790