Main Scenario: As long as Gold stays above 1793, the main trend will be upwards. Then the precious metal may up to 1825 price level
Target Expectation: 1825
Considerations Supporting The Scenario:
Gold prices steadied above the key $1,800 per ounce level on Thursday as a weak U.S. dollar, which makes bullion attractive for holders of other currencies, balanced pressure from firm Treasury yields which erode the metal’s appeal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1793
Alternative Target Expectation: 1782