STRATEGY:

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