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