Trading signals

XAU/USD

XAUUSD

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Donald Trump hammered the FED, but did not provide any vital information regarding the US-China trade deal yesterday. Meamwhile, gold bounced off August lows despite the stronger dollar. 

 

The main scenario is a rally to the area of 1470. 

An alternative scenario is a return to 1450.

 

Trading recommendations

 

The yellow metal will have a potential to reach 1470 after breaking through 1460.

A bounce off 1460 will return the rate back to the 1450 area.

 

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