GOLD: growth before the publication of the ISM business activity index in the US service sector

January 7, 2015

XAUUSD

Buy on a level breakthrough of 1210 with 1238 target. Stop loss = 1190.

Reason for the trading strategy

Today at 15.00 GMT, the ISM business activity index in the US services sector will be published. The indicator's decline from 59.3 p. to 58.2 p. expected in October, could probably put pressure on the world's reserve currency. Note that the service sector generates 80% of US GDP.

GOLD, H4

Publication source
EXNESS information  EXNESS reviews

September 27, 2016
The US election beta
Having obsessed about an event that did not happen this month (a Fed tightening), markets now turn to obsessing about an event that will happen, namely a change of US President...
September 27, 2016
Oil prices are moving towards stabilisation
The oil prices start the week on an upbeat note as the informal OPEC meeting may end with a positive agreement for the oil market, which could resolve in production kerbs and freeze said the Algeria’s Energy Minister on Sunday...
September 27, 2016
US politics cast shadow over NZD
It's been an interesting start to the week as politics is looking likely to take centre stage amongst a market which is becoming increasingly worried over the result of the US presidential election...

OctaFX Rating
Vantage FX Rating
Larson&Holz IT Ltd Rating
HotForex Rating
HYCM Rating
Fort Financial Services Rating

TropicalTrade Rating
365BinaryOption Rating
IQ Option Rating
Binary Brokerz Rating
TopOption Rating
Beeoptions Rating