Main Scenario: As long as Gold stays above 1802, the main trend will be upwards. Then the precious metal may up to 1825 price level
Target Expectation: 1825
Considerations Supporting The Scenario:
Gold prices held steady on Thursday as investors were largely on the sidelines awaiting the U.S. non-farm payrolls print that is considered crucial for the Federal Reserve’s tapering timeline.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1802
Alternative Target Expectation: 1785