STRATEGY:

Main Scenario: As long as Gold  stays above 1853,  the main trend will be upwards. Then the precious metal may up to 1870 price level

Target Expectation: 1870

Considerations Supporting The Scenario: 

Gold prices edged higher on Thursday, extending a rally fuelled by a surge in U.S. consumer prices that spurred some demand for the metal as an inflation hedge.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1853

Alternative Target Expectation: 1843