The gold prices have updated the annual low

July 20, 2015

Sell on a level breakthrough of 1104 with 1086 target. Stop loss = 1120.

Reason for the trading strategy

Expectations of growth in interest rates in the United States put pressure on gold. According to our estimates, the US Federal Reserve will raise its key interest rate in December 2015. In the medium term, the value of one troy ounce of gold could fall to 1 thousand dollars.

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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...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

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