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