Main Scenario: As long as Gold stays below 1789, the main trend will be downwards. Then the precious metal may down to 1849 price level
Target Expectation: 1849
Considerations Supporting The Scenario:
Gold prices rose on Thursday as the dollar retreated after the U.S. Federal Reserve decided to end its pandemic-era bond purchases in March, with investors now awaiting policy decisions from other major central banks.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1789
Alternative Target Expectation: 1800