Main Scenario: As long as Gold stays above 1806, the main trend will be upwards. Then the precious metal may up to 1835 price level
Target Expectation: 1835
Considerations Supporting The Scenario:
Gold prices hovered near a two-month peak on Tuesday, supported by a softer dollar and U.S. bond yields, as investors awaited key U.S. inflation data to gauge the Federal Reserve’s next move on rate hikes.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1806
Alternative Target Expectation: 1782