Main Scenario: As long as Gold stays above 1789, the main trend will be upwards. Then the precious metal may up to 1813 price level
Target Expectation: 1813
Considerations Supporting The Scenario:
Gold prices hovered close to the key $1,800 level on Monday, supported by a weaker dollar as investors assessed the Federal Reserve’s likely response to inflationary pressure after its chair said inflation could last longer than expected.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1782
Alternative Target Expectation: 1773