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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September 30, 2016
The OPEC greases the wheels for oil
The global equities rally led by the gains in the energy sector after the OPEC members cut a deal in Algiers, despite the market scepticism and repeated statements that the Oil officials in Iran and Saudi Arabia are not able to find a middle ground in the current conditions...
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Opec deal no certainty
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Brent futures consolidated their gains
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