Trading signals



A partial US-China trade deal improved risk sentiment. As a result the yellow metal posted fresh losses on Friday.


The main scenario is a recovery to the 1495-1490 region. 

An alternative scenario is a move to the 1472 handle.


Trading recommendations


Buy the yellow metal towards the 1495-1490 region when the rate overcomes the 1485 level.

Sell gold to 1472 if sellers overcome the level 1480.