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 1804 price level
Target Expectation: 1804
Considerations Supporting The Scenario:
Gold rose on Thursday as the dollar retreated from two-week highs and U.S. Treasury yields fell, with traders focusing on economic data for clues on the Federal Reserve’s strategy on monetary support going forward.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1773
Alternative Target Expectation: 1763