Main Scenario: As long as Gold stays above 1780, the main trend will be upwards. Then the precious metal may up to 1807 price level
Target Expectation: 1807
Considerations Supporting The Scenario:
Gold was set on Friday for its best week in more than five months as a retreat in the U.S. dollar and Treasury yields lifted the metal’s appeal despite a looming Federal Reserve taper.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1780
Alternative Target Expectation: 1756