Main Scenario: As long as Gold stays above 1770 the main trend will be still upwards. Then the precious metal may go down to to 1787 price level
Target Expectation: 1787
Considerations Supporting The Scenario:
Gold gained on Monday, as surging COVID-19 cases boosted the metal’s safe-haven appeal, aided by a weaker dollar ahead of the U.S. Federal Reserve’s meeting this week, while auto-catalyst palladium held below a record peak scaled last week.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1770
Alternative Target Expectation: 1764