STRATEGY:

Main Scenario: As long as Gold  stays above 1795,  the main trend will be upwardswards. Then the precious metal may up to 1810 price level

Target Expectation: 1810

Considerations Supporting The Scenario: 

Gold prices rose on Wednesday towards a three-week high scaled in the previous session, helped by a fall in U.S. Treasury yields, while investors awaited minutes from the Federal Reserve’s June meeting for more clues on the policy outlook.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1795

Alternative Target Expectation: 1785