Trading signals

XAU/USD

XAUUSD

The absence of real progress in the US-China trade deal increased demand for the yellow metal. Meanwhile, Treasury yields dropped to weekly lows giving gold additional impetus to rise. 

 

The main scenario is a pull back to the 1465-1460 area and a bounce off further upwards. 

An alternative scenario is a decline to the 1455 handle.

 

Trading recommendations

 

Wait the precious metal returns to the 1465-1460 region and buy towards 1480.

Sell the spot to 1455 when you see a consolidation below 1465.

 

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