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