STRATEGY:

Main Scenario: As long as Gold  stays above 1797,  the main trend will be upwards. Then the precious metal may up to 1824 price level

Target Expectation: 1824

Considerations Supporting The Scenario: 

Gold prices extended a rally to hit a two-month high on Monday as investors held onto the view that central banks would keep interest rates low for the time being, with focus turning to key U.S. inflation data due later in the week.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1797

Alternative Target Expectation: 1785