Main Scenario: As long as Gold stays above 1742, the main trend will be still upwards. Then the precious metal may retest 1753 price level
Target Expectation: 1753
Considerations Supporting The Scenario:
Gold prices rose to a more than two-week high on Thursday after the U.S. Federal Reserve pledged to keep near-zero interest rates until 2023, although the safe-haven metal’s gains were capped by the central bank’s forecast of a strong economic rebound.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1742
Alternative Target Expectation: 1730