The US inflation data recorded fresh highs. The positive mood surrounded the dollar and sent its rate towards fresh peaks. Still, risk off sentiments remained intact as traders do not believe much in the US-China trade deal.
The main scenario is a decline to 1545.
An alternative scenario is a growth towards 1565.
A close below 1550 will generate fresh bearish signal for further advance towards 1545.
The gold may resume its upwards trajectory towards 1565 after leaving 1555 behind.