Main Scenario: As long as Gold stays below 1806, the main trend will be downwards. Then the precious metal may down to 1769 price level
Target Expectation: 1769
Considerations Supporting The Scenario:
Gold prices edged higher on Monday, hovering near a three-week high hit last week, as fears over the rapidly spreading Omicron coronavirus variant boosted the metal’s safe-haven appeal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1806
Alternative Target Expectation: 1832