Main Scenario: As long as Gold stays below 1806, the main trend will be still downwards. Then the precious metal may down to 1789 price level
Target Expectation: 1789
Considerations Supporting The Scenario:
Gold prices inched higher on Monday, supported by easing U.S. bond yields and concerns over rising Delta variant infections, while investors focused on the Federal Open Market Committee’s meeting this week.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1806
Alternative Target Expectation: 1812