Main Scenario: As long as Gold stays above 1881 the main trend will be still upwards. Then the precious metal may go up to to 1917 price level
Target Expectation: 1917
Considerations Supporting The Scenario:
Gold rose above the key $1,900 level for the first time since January on Wednesday, driven by a retreat in U.S. Treasury yields as Federal Reserve officials reaffirmed their dovish monetary policy stance.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1881
Alternative Target Expectation: 1862