Trading signals

XAU/USD

XAUUSD

The upbeat US data sent gold to two-week lows. The bearish pressure will probably continue surrounding the XAU/USD pair in the coming sessions.

 

The main scenario assumes a return to the area 1495. 

An alternative scenario is a decline to the level of 1475.

 

Trading recommendations

 

A break above 1487 can lead to a move up to the 1495 price.

Sell gold to 1475 when the rate breaks 1480.