Trading signals

XAU/USD

XAUUSD

The growing tensions between US and China returned interest to safe-heaven assets. Traders are waiting for FOMC meeting minutes today.

 

The main scenario assumes a move towards 1480. 

An alternative scenario is a pull back the 1465 area. 

 

Trading recommendations

 

If the gold rises above 1475, the market tone would favor further gains towards 1480.

Sell the gold towards 1465 when the metal overcomes 1470.

 

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