Main Scenario: As long as Gold stays below 1826, the main trend will be downwards. Then the precious metal may down to 1792 price level
Target Expectation: 1792
Considerations Supporting The Scenario:
Gold prices were steady on Thursday near a one-week high scaled in the previous session, as the U.S. dollar and Treasury yields retreated after inflation data in line with expectations reinforced the need for quicker interest rate hikes.
Alternative Scenario: An alternative expectation may be taken into account in case of a close above 1826
Alternative Target Expectation: 1835