GOLD: under pressure before the publication of the retail sales figures in the US

July 14, 2015

Sell on a level breakthrough of 1147 with 1131 target. Stop loss = 1160.

Reason for the trading strategy

Today at 12.30 GMT, statistics on retail sales in the US will be published. If in June, the volume of sales grows by more than 0.2% (m/m), it will signal a significant increase in consumer spending of US households, and support the world's reserve currency.

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