STRATEGY:

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