Trading signals

XAUUSD

XAUUSD

The President Trump revived his threats of tariffs against European goods. The concerns around the Chinese coronavirus kept growing supporting the demand for the safe-haven gold.

 

The main scenario is a growth to 1560.

An alternative scenario is a drop to the 1545 handle.

 

Trading recommendations

 

If bulls keep the momentum they will break above 1554 and will drive the spot to the 1560 figure. 

After a break below 1550, the level 1545 might become a probable bearish target.

 

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