GOLD: consolidation before the publication of statistics on home sales in the US secondary real estate market

June 22, 2015

Sell on a level breakthrough of 1195 with 1189 target. Stop loss = 1200.

Reason for the trading strategy

It is expected that in May, the number of home sales transactions in the US secondary market increased from 5.04 million to 5.26 million. The statistics can support the world's reserve currency. In the short term, the gold prices risk declining to the 1189 dollar level.

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