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