STRATEGY:

Main Scenario: As long as Gold  stays above 1753,  the main trend will be upwards. Then the precious metal may up to 1778 price level

Target Expectation: 1778

Considerations Supporting The Scenario: 

Gold prices held steady on Wednesday, helped by a slight pullback in dollar, while investors awaited U.S. inflation data to gauge the Federal Reserve’s path on normalizing policy.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1753

Alternative Target Expectation: 1741