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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January 19, 2017
U.S. reports revealed a hefty 0.8% December industrial production
Asian stock markets traded mixed, with Japan and ASX moving higher, as Fed’s Yellen said she expects to hike rates few times a year through 2019 to 3% neutral rate...
January 19, 2017
Yellen repeats Fed is close to meeting targets, USD up
The speech by the US central bank governor Janet Yellen did not offer any new insights on the attitude of FOMC, nor did it cause large shifts in the pricing of future rate hikes (even if now 3 rate hikes in 2017 look again more probable than only one, with 2 remaining the most expected outcome)...
January 19, 2017
Trump vs Yellen & Draghi vs Weidmann
The U.S. dollar has been on a roller-coaster this week. After dropping by more than 1% on Tuesday the dollar index recovered 0.9% from its lows...

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