Main Scenario: As long as Gold stays above 1795, the main trend will be upwards. Then the precious metal may up to 1810 price level
Target Expectation: 1810
Considerations Supporting The Scenario:
Gold prices slipped on Thursday, weighed down by a stronger dollar after minutes from the U.S. Federal Reserve’s latest meeting highlighted inflationary pressures and confirmed that asset purchases tapering is on the cards this year.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1795
Alternative Target Expectation: 1785