Trading signals

XAU/USD

XAUUSD

Gold erased its fresh losses amid growing fears over the United States and China trade deal.

 

The main scenario assumes a new leg higher and a test of 1480. 

An alternative scenario is an easing towards the 1460 level. 

 

Trading recommendations

 

A bull breakout above 1475 will trigger fresh gains towards 1480.

Sell the gold towards 1460 when the spot overcomes 1470.

 

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