STRATEGY:

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