Main Scenario: As long as Gold stays above 1762, the main trend will be upwards. Then the precious metal may up to 1793 price level
Target Expectation: 1793
Considerations Supporting The Scenario:
Gold prices gained on Tuesday, with a weaker dollar and U.S. bond yields providing some support to the precious metal, even as central banks move towards easing economic stimulus.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1762
Alternative Target Expectation: 1753