STRATEGY:

Main Scenario: As long as Gold  stays above 1813,  the main trend will be upwards. Then the precious metal may up to 1835 price level

Target Expectation: 1835

Considerations Supporting The Scenario: 

Gold prices eased on Wednesday as the dollar firmed, with investors looking forward to key U.S. inflation data that could have a bearing on the Federal Reserve’s next policy move.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1813

Alternative Target Expectation: 1782