STRATEGY:

Main Scenario: As long as Gold  stays above 1850,  the main trend will be upwards. Then the precious metal may up to 1868 price level

Target Expectation: 1868

Considerations Supporting The Scenario: 

Gold prices eased on Monday, slipping from a more than five-month peak hit in the previous session, as cautious investors assessed if rising inflation would prompt a more aggressive response by central banks.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1850

Alternative Target Expectation: 1842