Main Scenario: As long as Gold stays above 1781, the main trend will be upwards. Then the precious metal may up to 1806 price level
Target Expectation: 1806
Considerations Supporting The Scenario:
Gold prices eased further on Wednesday from the key level of $1,800 per ounce, after firmer U.S. bond yields dented bullion’s appeal as investors assessed how central banks would address growing inflationary pressure.
Alternative Scenario: An alternative expectation may be taken into account in case of a close below 1781
Alternative Target Expectation: 1773