STRATEGY:

Main Scenario: As long as Gold  stays above 1791,  the main trend will be upwards. Then the precious metal may up to 1809 price level

Target Expectation: 1809

Considerations Supporting The Scenario: 

Gold dipped on Friday as the U.S. dollar ticked higher, and investors looked for further guidance from the Federal Reserve’s upcoming policy meet on tapering of economic support as inflation expectations rise.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1791

Alternative Target Expectation: 1782