Gold prices test the annual low

July 16, 2015

Sell on a level breakthrough of 1142 with 1131 target. Stop loss = 1153.

Reason for the trading strategy

Yesterday, the US Federal Reserve chairman J. Yellen did not name a specific date when the key interest rate would be increased in 2015. Perhaps the time -frame for its increase will be determined by the US macroeconomic statistics, which in the second half of 2015 will be better than it will be in the first half. Note that in June, the volume of industrial production in the US grew by 0.3% (m/m), and was better than the expected 0.2% (m/m). Today, it is worth paying attention to the number of jobless claims in the United States.

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October 24, 2016
Gold prices edged lower
Gold prices traded mixed on Friday. The yellow metal traded lower the half of the day and higher the other half. Sellers moved the price to the level 1260 dollar per ounce which appeared a solid barrier for it. The pair bounced from the level and reversed some of its losses...
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Earnings and Macro data to drive financial markets the week ahead
A pretty robust U.S. corporate announcements last week indicated that there’s a high chance for corporate America to get out of a profit recession which lasted for five consecutive quarters...
October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...

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