Gold Daily Analysis – 22/10/2021
STRATEGY:
Main Scenario: As long as Gold stays above 1782, the main trend will be upwards. Then the precious metal may up to 1799 price level
Target Expectation: 1799
Considerations Supporting The Scenario:
Gold was poised for a second weekly rise on Friday, drawing support from a softer dollar which offset pressure from higher U.S. bond yields and rising expectations central banks could begin scaling back economic support.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1782
Alternative Target Expectation: 1770