Trading signals

XAU/USD

XAUUSD

The yellow metal got under pressure when the risk sentiment improved on Brexit hopes. 

 

The main scenario is a growth to the 1490 level. 

An alternative scenario is an extension of the downward momentum to the 1472 handle.

 

Trading recommendations

 

Buy the gold towards the 1490 when the resistance 1485 is broken.

Sell the precious metal to 1472 when sellers overcome the level 1480. 

 

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