Main Scenario: As long as Gold stays above 1762 the main trend will be still upwards. Then the precious metal may go down to to 1789 price level
Target Expectation: 1789
Considerations Supporting The Scenario:
Gold prices dipped on Friday, set for their worst week in a month, as U.S. Treasury yields gained on strong economic data and dented the non-yielding metal’s appeal, while palladium came off the record high marked in the previous session.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1739
Alternative Target Expectation: 1739