Main Scenario: As long as Gold stays above 1768, the main trend will be upwards. Then the precious metal may up to 1787 price level
Target Expectation: 1768
Considerations Supporting The Scenario:
Gold prices retreated from a one-week high on Monday due to a slight uptick in dollar, although a plunge in U.S. consumer sentiment eased some concerns about early tapering by the Federal Reserve.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1768
Alternative Target Expectation: 1751