Main Scenario: As long as Gold stays above 1810, the main trend will be upwards. Then the precious metal may up to 1831 price level
Target Expectation: 1831
Considerations Supporting The Scenario:
Gold prices ticked higher on Wednesday on a flat dollar, although gains were kept in check ahead of the U.S. jobs data which is seen as pivotal to the Federal Reserve’s monetary policy strategy.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1810
Alternative Target Expectation: 1803