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