GOLD: growth before publication of the US consumer price index

May 22, 2015

Buy on a level breakthrough of 1213 with 1232 target. Stop loss = 1200.

Reason for the trading strategy

Over the last week, the number of initial jobless claims in the US rose form 264 thousand to 274 thousand. The growth of this indicator reduces the chances of the US unemployment rate decline from 5.4% to 5.3% in May, and puts pressure on the world's reserve currency. Today, attention should be paid to J. Yellen's economic forecast and the publication of the US consumer price index.

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