Main Scenario: As long as Gold stays above 1727 the main trend will be still upwards. Then the precious metal may go down to to 1740 price level
Target Expectation: 1740
Considerations Supporting The Scenario:
Gold prices eased on Monday as U.S. Treasury yields rose and global stocks gained after better-than-expected jobs data in the United States fuelled optimism over a swift economic recovery.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1727
Alternative Target Expectation: 1722