Main Scenario: As long as Gold stays below 1729 the main trend will be still downwards. Then the precious metal may go down to to 1719 price level
Target Expectation: 1719
Considerations Supporting The Scenario:
Gold prices eased on Monday as U.S. Treasury yields rose and global stocks gained after better-than-expected jobs data in the United States fuelled optimism over a swift economic recovery.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1729
Alternative Target Expectation: 1731