Main Scenario: As long as Gold stays above 1827 the main trend will be still upwards. Then the precious metal may go up to to 1849 price level
Target Expectation: 1849
Considerations Supporting The Scenario:
Gold prices rose on Monday, hovering near a three-month peak, as a miss in the U.S. jobs numbers last week cemented expectations that interest rates will remain low for some time, denting the dollar and boosting non-yielding metal’s appeal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1827
Alternative Target Expectation: 1815