Trading signals



Gold erased another portion of its losses after hawkish rate cut from the Fed. All eyes on NFP release now.


The main scenario is a strengthening towards the 1505 region. 

An alternative scenario is an easing to the handle of 1490.


Trading recommendations


A sharp breakout above 1500 could spark a further recovery towards 1505.

Sell the gold towards 1490 when you see the yellow metal bounces off 1500. 


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