Main Scenario: As long as Gold stays above 1823, the main trend will be upwards. Then the precious metal may up to 1838 price level
Target Expectation: 1838
Considerations Supporting The Scenario:
Gold was set on Friday for its best weekly performance in more than two months on renewed signs the U.S. Federal Reserve could hold-off on tapering economic support in the near term, and as the dollar was headed for its worst week since May.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1823
Alternative Target Expectation: 1814