Main Scenario: As long as Gold stays below 1818, the main trend will be downwards. Then the precious metal may down to 1808 price level
Target Expectation: 1808
Considerations Supporting The Scenario:
Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve’s interest rate hike timeline from its policy meeting next week.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1818
Alternative Target Expectation: 1823