STRATEGY:

Main Scenario: As long as Gold  stays above 1776,  the main trend will be upwards. Then the precious metal may up to 1790 price level

Target Expectation: 1790

Considerations Supporting The Scenario: 

Gold prices rose for a third straight session on Thursday as a softer dollar lifted bullion’s appeal, while investors assessed whether higher inflation would prompt central banks to raise interest rates sooner than expected.

Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1776

Alternative Target Expectation: 1769