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
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