Main Scenario: As long as Gold stays below 1735, the main trend will be downwards. Then the precious metal may down to 1676 price level
Target Expectation: 1676
Considerations Supporting The Scenario:
Gold edged higher on Wednesday as concerns over the rapid spread of the Delta coronavirus variant spurred some safe haven buying though gains were capped by bets on early tapering by the U.S. Federal Reserve and a firm dollar.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1735
Alternative Target Expectation: 1748