STRATEGY:

Main Scenario: As long as Gold  stays above 1808,  the main trend will be upwards. Then the precious metal may up to 1819 price level

Target Expectation: 1819

Considerations Supporting The Scenario: 

Gold prices edged higher on Monday, lifted by a retreat in U.S. Treasury yields and concerns that a surge in coronavirus cases could dampen global economic recovery, though an uptick in the dollar limited the safe-haven metal’s appeal.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1808

Alternative Target Expectation: 1798