Main Scenario: As long as Gold stays above 1794, the main trend will be upwards. Then the precious metal may up to 1833 price level
Target Expectation: 1833
Considerations Supporting The Scenario:
Gold prices rose to a near four-week high on Monday after U.S. Federal Reserve chief Jerome Powell stopped short of providing any clear guidance on a stimulus tapering timeline and boosted hopes that interest rates may remain lower for longer.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1794
Alternative Target Expectation: 1769