STRATEGY:

Main Scenario: As long as Gold  stays above 1751,  the main trend will be upwards. Then the precious metal may up to 1765 price level

Target Expectation: 1765

Considerations Supporting The Scenario: 

Gold traded flat in early Asian trade on Tuesday as the dollar held firm on expectations that the Federal Reserve will announce a tapering of its bond purchases next month.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1751

Alternative Target Expectation: 1743