STRATEGY:

Main Scenario: As long as Gold  stays above 1788,  the main trend will be upwards. Then the precious metal may up to 1784 price level

Target Expectation: 1813

Considerations Supporting The Scenario: 

Gold prices inched lower on Thursday as cautious investors awaited signals on the U.S. Federal Reserve’s timeline on withdrawal of its pandemic-era stimulus, with analysts expecting a further slide in prices on a formal announcement.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1794

Alternative Target Expectation: 1781