Main Scenario: As long as Gold stays below 1794, the main trend will be downwards. Then the precious metal may down to 1784 price level
Target Expectation: 1784
Considerations Supporting The Scenario:
Gold prices inched lower on Tuesday, as investors braced for the U.S. inflation data that could offer cues on the Federal Reserve’s timeline to start tapering stimulus measures meant to aid economic recovery from the pandemic.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1794
Alternative Target Expectation: 1806