Main Scenario: As long as Gold stays above 1769, the main trend will be upwards. Then the precious metal may up to 1794 price level
Target Expectation: 1794
Considerations Supporting The Scenario:
Gold prices rose on Wednesday, as a slightly weaker dollar outweighed pressure from elevated U.S. bond yields and lingering fears over earlier-than-expected interest rates hikes.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1769
Alternative Target Expectation: 1750