Trading signals

XAU/USD

XAUUSD

The dollar gained momentum as expectations about a new round of fiscal stimulus diminished last week. The focus shifted to the US elections.

 

The main scenario is a return to 1915.

An alternative scenario is a decline to 1890.

 

Trading recommendations

 

Once bulls break above the 1900 level, we think that the 1915 area will be next.

Sellers would reach 1890 after a break 1900.

 

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