Main Scenario: As long as Gold stays above 1792, the main trend will be upwards. Then the precious metal may up to 1817 price level
Target Expectation: 1817
Considerations Supporting The Scenario:
Gold prices recovered from a 1.6% drop in the previous session to approach the key psychological level of $1,800 on Wednesday as the dollar rally paused.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1792
Alternative Target Expectation: 1770