Main Scenario: As long as Gold stays below 1864, the main trend will be downwards. Then the precious metal may down to 1833 price level
Target Expectation: 1833
Considerations Supporting The Scenario:
Gold prices eased on Friday due to a firmer dollar but were on track for their biggest weekly gain in six months as concerns over soaring U.S. consumer prices boosted the metal’s appeal as an inflation hedge.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1864
Alternative Target Expectation: 1880