Trading signals

XAU/USD

XAUUSD

Optimism around the US-China trade situation lessened the demand for the safe-haven metal. However, gold found strength to recover some ground on Monday.

 

The main scenario is a move to the 1500 hurdle. 

An alternative scenario is a decline to the 1485 support.

 

Trading recommendations

 

Buy the yellow metal towards the 1500 resistance when the buyers overcome the 1495 level.

Sell gold to 1485 when you see sellers overcome the level 1490. 

 

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