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