Main Scenario: As long as Gold stays below 1829, the main trend will be still downwards. Then the precious metal may down to 1768 price level
Target Expectation: 1768
Considerations Supporting The Scenario:
Gold fell to its lowest in more than a month on Thursday, pressured by gains in the dollar and U.S. Treasury yields after the Federal Reserve signalled earlier-than-expected interest rate increases.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1829
Alternative Target Expectation: 1853