Trading signals

XAU/USD

XAUUSD

Risk-on sentiments made gold decline. Fresh risks appetite emerged amid US-China trade deal development and the 10-year US Treasury bond yield growth.

 

The main scenario is a return to the 1500 region. 

An alternative scenario is a further decline to the level of 1480.

 

Trading recommendations

 

Buy gold to 1500 if the metal overcomes 1495. 

Sell the gold towards 1480 when the rate drops below 1490. 

 

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