Main Scenario: As long as Gold stays above 1727, the main trend will be still upwards. Then the precious metal may go up to to 1747 price level
Target Expectation: 1747
Considerations Supporting The Scenario:
Gold prices slipped on Monday as investors opted for alternative safe-haven assets such as the U.S. dollar and bonds after Turkey’s abrupt decision to replace its central bank head with a critic of high interest rates sparked financial uncertainty.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1727
Alternative Target Expectation: 1723