Main Scenario: As long as Gold stays above 1888 the main trend will be still upwards. Then the precious metal may up to 1917 price level
Target Expectation: 1917
Considerations Supporting The Scenario:
Gold prices on Wednesday retreated from a near five-month high scaled in the previous session, as the U.S. dollar and Treasury yields firmed on the back of robust manufacturing data.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1888
Alternative Target Expectation: 1878