STRATEGY:

Main Scenario: As long as Gold  stays above 1813,  the main trend will be upwards. Then the precious metal may up to 1841 price level

Target Expectation: 1841

Considerations Supporting The Scenario: 

Gold prices eased on Friday but remained on track for a fourth straight week of gains helped by U.S. Federal Reserve’s assurance to keep its accommodative monetary policy for economic recovery.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1813

Alternative Target Expectation: 1802