XAUUSD- possible plan

XAUUSD has broken our key level of $1528-$1532.
A close above $1535 is a bullish signal and may lead to fresh high.
In the Asian session Gold clocked a high of $1555~ immediate sell zone occurs above that level however, it may not offer a good risk reward at this point. We continue to monitor as it goes ahead.

A close below $1535 and near $1528 may signal a pull back scenario. The blue zone is marked on the chart for a potential buy set up.

Fundamentally, we have been long precious metals. The risk in the markets thanks to Donald Trump, continue to rise. With uncertainties surrounding US-CHINA trade deal and upcoming Brexit on October 31st deadline (with increased possibility of no deal) means that there is no clear sign of risk going down and hence any pullbacks on Gold will offer buying opportunity.
fxGoldtradewarTrend Analysis

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