Main Scenario: As long as Gold stays above 1821, the main trend will be upwards. Then the precious metal may up to 1845 price level
Target Expectation: 1845
Considerations Supporting The Scenario:
Gold prices hovered near a four-week peak on Thursday after U.S. Federal Reserve Chair Jeremy Powell soothed investor fears by reassuring that he was in no rush to tighten policy, lifting the metal’s appeal as an inflation hedge.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1821
Alternative Target Expectation: 1810