STRATEGY:

Main Scenario: As long as Gold  stays  above 1834,  the main trend will be upwards. Then the precious metal may up to 1846 price level

Target Expectation: 1846

Considerations Supporting The Scenario: 

Gold prices were flat on Thursday, with a weaker dollar countering pressure from firm bond yields, while traders awaited clues on the pace of interest rate hikes from the Federal Reserve’s policy meeting next week

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1834

Alternative Target Expectation: 1817