Main Scenario: As long as Gold stays above 1814, the main trend will be upwards. Then the precious metal may up to 1831 price level
Target Expectation: 1831
Considerations Supporting The Scenario:
Gold prices were steady near recent highs on Tuesday, supported by expectations that the U.S. Federal Reserve would delay a tapering in its pandemic-era asset purchases, while the European Central Bank’s meeting this week was also in focus.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1814
Alternative Target Expectation: 1798