Main Scenario: As long as Gold stays above 1784, the main trend will be upwards. Then the precious metal may up to 1812 price level
Target Expectation: 1812
Considerations Supporting The Scenario:
Gold prices inched lower on Thursday as investors turned cautious ahead of U.S. Federal Reserve Chair Jerome Powell’s speech this week, which could provide cues to the central bank’s plans over tapering of economic stimulus.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1784
Alternative Target Expectation: 1771