Main Scenario: As long as Gold stays above 1805, the main trend will be upwards. Then the precious metal may up to 1814 price level
Target Expectation: 1814
Considerations Supporting The Scenario:
Gold held steady on Monday above the key level of $1,800 per ounce, as slightly weaker U.S. Treasury yields countered an uptick in the dollar.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1805
Alternative Target Expectation: 1791