Pivot point: 1740 .
The expected scenario: Entering short deals at the lowest levels of 1740 dollars, targeting the 1625 levels.
Alternative scenario: entering long positions in the event of retesting the 1740 levels and failing to consolidate above them and targeting the 1860 levels.
Commentary: Gold is still in a general bearish trend in the short term, despite those rises that we witnessed during this week's trading, which are within the range of the corrective movement, and a re-test The levels of 1795 dollars, which the price is expected to fail to penetrate and then return to decline again, targeting the 1625 levels, where the price behavior of the movement must be monitored at the 1740 levels, which by breaking it and stabilizing below, we will confirm the negative outlook for gold trading on short term.
