Main Scenario: As long as Gold stays below 1798, the main trend will be downwards. Then the precious metal may down to 1773 price level
Target Expectation: 1773
Considerations Supporting The Scenario:
Gold held steady on Tuesday as market participants awaited a key U.S. Federal Reserve policy meeting in the face of growing inflationary pressures and worries over weaker economic growth.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1798
Alternative Target Expectation: 1804