LimitMarkets

Expect resumption of the latest rally

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Precious metal's last rally induced by the new trade war front between the US and EU is likely to go ahead despite depending on Brussels' response to further US threats and its olive branch for talks. Bad data from both sides of the Atlantic keep the appeal for gold up. As such, 1506 at the 61.8 Fibonacci and later 1512 will be followed in upwards price action.

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