Main Scenario: As long as Gold stays above 1767, the main trend will be upwards. Then the precious metal may up to 1805 price level
Target Expectation: 1805
Considerations Supporting The Scenario:
Gold prices eased off a one-month high on Thursday as better-than-expected U.S. consumer price data raised bets the Federal Reserve would tighten its policy earlier than anticipated.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1767
Alternative Target Expectation: 1743