GOLD: consolidation below the level of 1135

September 18, 2015

Buy on a level breakthrough of 1135 with 1169 target. Stop loss = 1115.

Reason for the trading strategy

After the US Federal Reserve meeting, the gold prices reacted to the decrease in the US bonds yield with a rapid growth. In particular, the yields on 2-year US bonds fell from 0.815% to 0.682% since yesterday.

Publication source
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