Trading signals

XAU/USD

XAUUSD

The China-US trade deal headlines helped gold to reverse some losses. We assume that the money flows will return to safe-haven assets for a while.

 

The main scenario is a further extension towards 1500. 

An alternative scenario assumes a decline to the level of 1480.

 

Trading recommendations

 

A return above 1495 could lead to a rise to the 1500 area.

Sell gold to 1480 when bears regain 1490.