STRATEGY:

Main Scenario: As long as Gold  stays above 1777,  the main trend will be upwards. Then the precious metal may up to 1808 price level

Target Expectation: 1808

Considerations Supporting The Scenario: 

Gold prices consolidated at the key $1,800 level on Thursday, supported by softer U.S. bond yields and dollar as investors focused on how central banks respond to rising price pressures.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1777

Alternative Target Expectation: 1777