Trading signals

XAU/USD

XAUUSD

Doubts concerning the US-China trade deal and geopolitical tensions helped gold to stop its decline. We expect a recovery move from multi-month lows now.

 

The main scenario is a recovery move to the area of 1465. 

An alternative scenario assumes a move to 1450.

 

Trading recommendations

 

A sharp breakout above 1460 could spark a further recovery towards 1465. 

A break below 1455 will open the door towards 1450.

 

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