Main Scenario: As long as Gold stays above 1771, the main trend will be upwards. Then the precious metal may up to 1822 price level
Target Expectation: 1822
Considerations Supporting The Scenario:
Gold prices held steady in a tight range on Tuesday as investors turned their focus to U.S. inflation data, which could shed more light on the Federal Reserve’s timeline for policy tightening.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1771
Alternative Target Expectation: 1747