Trading signals

XAU/USD

XAUUSD

A rise of stocks and US dollar put pressure on the yellow metal. Nevertheless, gold maintained its bid tone and did not leave its recent highs.

 

The main scenario assumes an incline to the mark of 1515. 

An alternative scenario is a growth of a negative pressure and a move towards 1500.

 

Trading recommendations

 

Buy gold to the level 1515 if buyers overcome 1510. 

Sell the precious metal to 1500 when the price breaks 1505.