STRATEGY:

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