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