Main Scenario: As long as Gold stays above 1732, the main trend will be upwards. Then the precious metal may up to 1773 price level
Target Expectation: 1773
Considerations Supporting The Scenario:
Gold prices extended gains on Thursday as data showing a slight moderation in U.S. consumer prices eased fears of early tapering by the Federal Reserve, while a dip in the dollar and bond yields provided further support.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1732
Alternative Target Expectation: 1713