Main Scenario: As long as Gold stays above 1823, the main trend will be upwards. Then the precious metal may up to 1841 price level
Target Expectation: 1841
Considerations Supporting The Scenario:
Gold prices held steady near a 2-1/2-month peak on Monday after disappointing U.S. jobs data raised hopes the Federal Reserve could wait a bit longer to pare stimulus measures, bolstering bullion’s appeal as an inflation hedge.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1823
Alternative Target Expectation: 1811