Main Scenario: As long as Gold stays below 1806, the main trend will be still downwards. Then the precious metal may down to 1797 price level
Target Expectation: 1797
Considerations Supporting The Scenario:
Gold prices steadied on Friday, but were headed for their first weekly decline in five as a stronger dollar made bullion more expensive for holders of other currencies and offset support from lower U.S. bond yields.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1806
Alternative Target Expectation: 1812