Main Scenario: As long as Gold stays above 1818, the main trend will be upwards. Then the precious metal may up to 1879 price level
Target Expectation: 1879
Considerations Supporting The Scenario:
Gold prices held steady on Thursday, as uncertainty over the pace at which central banks would eventually need to hike interest rates to curb rising inflation countered support from a softer dollar.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1818
Alternative Target Expectation: 1787