Main Scenario: As long as Gold stays above 1739 the main trend will be still upwards. Then the precious metal may go down to to 1753 price level
Target Expectation: 1753
Considerations Supporting The Scenario:
Gold prices edged higher on Thursday buoyed by a weaker dollar, while investors awaited U.S. weekly jobless claims and March retail sales data for further clarity on the recovery in the world’s largest economy.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1739
Alternative Target Expectation: 1733