Main Scenario: As long as Gold stays below 1803, the main trend will be still downwards. Then the precious metal may down to 1760 price level
Target Expectation: 1760
Considerations Supporting The Scenario:
Gold prices edged lower on Thursday, pressured by a steady dollar, while investors attempted to navigate mixed signals from Federal Reserve officials on interest rate hike and awaited more U.S. economic data to gauge inflationary pressures.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1803
Alternative Target Expectation: 1840