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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October 26, 2016
Greenback is powered by Fed rate expectations
On Wednesday, the US dollar was backed by hopes that American interest rates will edge up by the year-end. It stood flat during Asia trade, just below a nine-month high reached overnight, while the Australian dollar earned as inflation data doused the probability of a rate drop there...
October 26, 2016
Rising rate hike odds push Dollar
The Greenback extended its rally to a nine-month high against other major peers against the rising bets of a FED tightening in December. As rumors are circling the next US leader saying that they will shift the stimulus burden from FED via changes in the fiscal policy...
October 26, 2016
Gold futures edged higher on Tuesday
The XAU/USD pair traded flat on Tuesday. The price remained between 1270 and 1260 dollars per ounce during the day. Gold prices struggled to find support around 1260. Sellers failed to break the level and the yellow metal bounced upwards and recovered to the upper boundary of the range...

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