Gold is moving lower towards our target at 1,825 from where we see the possibility of a new impulsive rally towards the all-time high at 2,070 and ultimately above here too for a rally towards 2,400 and 2,700. That said, there is a scenario, where gold continues lower to support near 1,682 before recovering in an impulsive matter.
So for now we need, as always, to stay flexible and observe the market behavior near support at 1,825 and access our next move.
