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