Main Scenario: As long as Gold stays above 1797, the main trend will be upwards. Then the precious metal may up to 1835 price level
Target Expectation: 1835
Considerations Supporting The Scenario:
Gold gained for a third straight session on Thursday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone, indicating much remains to be done before policy tightening begins, and as a softer dollar added support to the metal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1797
Alternative Target Expectation: 1786