STRATEGY:

Main Scenario: As long as Gold  stays  1831,  the main trend will be upwards. Then the precious metal may up to 1886 price level

Target Expectation: 1886

Considerations Supporting The Scenario: 

Gold prices rose on Wednesday as concern about inflation kept some investors on edge, while expectations that rising prices may prompt central banks to increase interest rates strengthened the dollar and capped bullion’s advance.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1858

Alternative Target Expectation: 1798