Main Scenario: As long as Gold stays above 1806, the main trend will be upwards. Then the precious metal may up to 1816 price level
Target Expectation: 1816
Considerations Supporting The Scenario:
Gold prices edged lower on Monday, with cautious investors eyeing July’s non-farm payrolls due later this week to gauge the health of the labour market, while stronger equities also dimmed bullion’s appeal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1806
Alternative Target Expectation: 1802