Main Scenario: As long as Gold stays above 1773 the main trend will be still upwards. Then the precious metal may go up to to 1792 price level
Target Expectation: 1792
Considerations Supporting The Scenario:
Gold prices fell from a more than two-month high on Tuesday, as a rebound in the dollar dented the metal’s safe-haven appeal, while investors speculated that a swifter than expected U.S. economic recovery might prompt an interest rate hike.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1773
Alternative Target Expectation: 1755