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