Main Scenario: As long as Gold stays below 1779, the main trend will be still downwards. Then the precious metal may down to 1770 price level
Target Expectation: 1770
Considerations Supporting The Scenario:
Gold prices edged lower on Tuesday to hover near a one-week low hit in the previous session, weighed down by a firm dollar and concerns that the U.S. Federal Reserve will tighten its monetary policy sooner than expected.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1779
Alternative Target Expectation: 1785