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