Main Scenario: As long as Gold stays below 1760, the main trend will be downwards. Then the precious metal may down to 1734 price level
Target Expectation: 1676
Considerations Supporting The Scenario:
Gold prices climbed on Friday on concerns over rising cases of the Delta variant, although uncertainties over the U.S. Federal Reserve’s tapering timeline kept bullion on course for a weekly drop.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1760
Alternative Target Expectation: 1767