Main Scenario: As long as Gold stays above 1773 the main trend will be still upwards. Then the precious metal may go down to to 1794 price level
Target Expectation: 1794
Considerations Supporting The Scenario:
Gold edged higher on Monday, hovering near a seven-week peak hit in the previous session, as a weaker dollar and lower U.S. Treasury yields supported prices.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1773
Alternative Target Expectation: 1771