Main Scenario: As long as Gold stays above 1827 the main trend will be still upwards. Then the precious metal may go up to to 1845 price level
Target Expectation: 1845
Considerations Supporting The Scenario:
Gold prices edged lower on Wednesday, dragged down by higher U.S. Treasury yields ahead of U.S. consumer price data due later in the day, which is expected to show a sharp rise in annual inflation.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1807
Alternative Target Expectation: 1807