Main Scenario: As long as Gold stays above 1766, the main trend will be upwards. Then the precious metal may up to 1776 price level
Target Expectation: 1776
Considerations Supporting The Scenario:
Gold prices edged up on Monday, recouping some losses after a steep sell-off in the previous session as U.S. bond yields and the dollar softened, restoring some of the precious metal’s appeal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1766
Alternative Target Expectation: 1761