Main Scenario: As long as Gold stays above 1786, the main trend will be upwardswards. Then the precious metal may up to 1795 price level
Target Expectation: 1795
Considerations Supporting The Scenario:
Gold held firm below a two-week high on Monday, as concerns eased over an earlier-than-expected rate hike by the Federal Reserve after a mixed bag of U.S. jobs data, while focus shifted to minutes from the U.S. central bank’s June policy meeting.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1786
Alternative Target Expectation: 1781