Trading signals

XAU/USD

XAUUSD

The gold visited the two week lows amid a strong pickup in the USD demand. Traders preferred the dollar to the gold as a safe-haven asset this time. We believe the selling pressure is likely to remain intact in the coming days.

 

The main scenario is a recovery to 1930.

The alternative scenario assumes a move to 1900.

 

In order to return to 1930, the spot needs to break the level at 1920.

We will wait a break below 1910 to sell gold to 1900.

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