Main Scenario: As long as Gold stays above 1785, the main trend will be upwards. Then the precious metal may up to 1814 price level
Target Expectation: 1814
Considerations Supporting The Scenario:
Gold prices eased on Tuesday, weighed down by an uptick in the U.S. dollar and bond yields, as investors assessed central banks’ likely response to growing inflationary pressure ahead of key policy meetings due this week.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1785
Alternative Target Expectation: 1773