STRATEGY:

Main Scenario: As long as Gold  stays above 1744  the main trend will be still upwards. Then the precious metal may go down to  to 1757 price level

Target Expectation: 1757

Considerations Supporting The Scenario: 

Gold retreated on Friday from a more than one-month peak hit in the previous session, weighed by a rebound in the dollar and U.S. Treasury yields, though it was still on course to register its first weekly gain in three.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1744

Alternative Target Expectation: 1738