STRATEGY:

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