Two scenarios are likely for global gold this week
The first scenario: gold will increase to the range of 1722 and then enter a corrective path to $1706, and provided that the support of 1706 remains high and there is no daily candle close below 1717, gold can increase to $1735.
The second scenario: if gold hits below the support of 1717 daily closes, then it will finally give a high until the number 1717 and the fall towards the support of $1696 will be possible.
The first scenario: gold will increase to the range of 1722 and then enter a corrective path to $1706, and provided that the support of 1706 remains high and there is no daily candle close below 1717, gold can increase to $1735.
The second scenario: if gold hits below the support of 1717 daily closes, then it will finally give a high until the number 1717 and the fall towards the support of $1696 will be possible.
