Main Scenario: As long as Gold stays above 1803, the main trend will be upwards. Then the precious metal may up to 1817 price level
Target Expectation: 1817
Considerations Supporting The Scenario:
Gold prices hovered around the key $1,800-per-ounce level on Thursday ahead of the year-end holidays, even as the dollar steadied and appetite for riskier assets improved on easing fears over a fallout from the Omicron coronavirus variant.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1803
Alternative Target Expectation: 1791