STRATEGY:

Main Scenario: As long as Gold  stays above 1795,  the main trend will be upwards. Then the precious metal may up to 1815 price level

Target Expectation: 1815

Considerations Supporting The Scenario: 

Gold prices were on track for a weekly gain on Friday as the U.S. Federal Reserve and the Bank of England stood pat on interest rates despite growing inflationary risks, increasing the appeal of non-yielding bullion.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1788

Alternative Target Expectation: 1775