STRATEGY:

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