Expected scenario: The yellow metal witnessed a series of decreases during the past two weeks, to hold together at the support of 1450 dollars, taking into account the formation of two successive lows at those supports, to rebound from it, in an attempt to breach the falling price channel, Achieving a weekly closing above the psychological level of $ 1,500, so we are likely to see a positive change in the general trend, with more profits reaching the levels of 1580 then 1618 in the short term.

Alternative scenario: In the event that the price returns to the downside, with the support levels broken at 1450, which is the least likely possibility at the present time, we will witness further declines down to the levels of 1400 dollars.

Expected general trend: bullish

Estimated traffic range: 1500 to 1550