Main Scenario: As long as Gold stays above 1734 the main trend will be still upwards. Then the precious metal may go down to to 1747 price level
Target Expectation: 1747
Considerations Supporting The Scenario:
Gold prices slipped on Thursday as investors turned to riskier assets after the U.S. Federal Reserve’s latest meeting minutes indicated continued policy support and cemented hopes of a quick economic turnaround.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1734
Alternative Target Expectation: 1724