Main Scenario: As long as Gold stays above 1853 the main trend will be still upwards. Then the precious metal may go up to to 1893 price level
Target Expectation: 1893
Considerations Supporting The Scenario:
Gold prices steadied on Friday, and were on track for a third straight weekly gain, as a weaker U.S. dollar and growing inflationary pressure boosted demand for the safe-haven metal.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1893
Alternative Target Expectation: 1824