Trading signals

XAU/USD

XAUUSD

A further progress with stimulus talks supported the dollar. The greenback received support and from the upbeat US data.

 

The main scenario is a further decline towards 1870.

An alternative scenario is a growth to 1920.

 

Trading recommendations

 

A break of the 1890 level can lead to 1870.

The gold will most likely to continue its up-move towards 1920 after breaking through 1900.

 

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