Gold is consolidating in the 1226-1240 range

September 15, 2014

Sell on a level breakthrough of 1226 with 1180 target. Stop loss = 1260. 

Reason for the trading strategy.

Increase of the yield on long-term US government bonds increases the likelihood of an impending collapse of the country's QE3 program. Note that the yield on the 10-year US bonds in the last month increased by 21 bps to 2.61% and on 30-year bonds, it increased by 20 bp. - up to 3.34%. After a recall of the oversold gold prices, they will probably try testing the 1226 dollar support level again.

Publication source
EXNESS information  EXNESS reviews

September 29, 2016
OPEC blinks
Yesterday decision by OPEC to restrict oil supply has pushed the price of crude higher by some 5%. The move took the markets by surprise, with the divisions between Iran (who are still enjoying their return to global markets)...
September 29, 2016
Gold weighed down by US data
The gold price is down for a second straight day today as investors await a raft of data from the US this week which may decide the question of an interest rate hike...
September 29, 2016
Informal OPEC meeting seizes limelight
Global stocks were chaotic on Tuesday with most equities vibrating between losses and gains as the mixture of anticipation ahead of OPEC - informal meeting and ongoing discussions over the results of the first presidential debate created explosive levels of volatility...

Tickmill Rating
Fort Financial Services Rating
Orbex Rating
Larson&Holz IT Ltd Rating
FxPro Rating
Grand Capital Rating

OptionTrade Rating
Empire Option Rating
Banc De Binary Rating
OptionsXO Rating
TopOption Rating
OptionFair Rating