GOLD: consolidation higher than the 1121 level

September 29, 2015

Sell on a level breakthrough of 1121 with 1101 target. Stop loss = 1131.

Reason for the trading strategy

Today at 12.30 GMT, the figures for the US merchandise trading balance will be published. The expected growth rate from to minus $59.1 billion to minus $ 57.3 billion will support the world's reserve currency. The trade turnover is 75% of the country's trade balance, which in turn is part of the US GDP.

Publication source
EXNESS information  EXNESS reviews

October 28, 2016
Calm before the storm?
The main interest on the majors overnight has been the move above the 105.00 level on USDJPY, which has continued the weaker yen theme prevalent through most of the month. Data overnight showed the core inflation rate (ex-fresh food) remaining in negative territory at -0.5% YoY...
October 28, 2016
NZ bounces of key support levels
NZ trade balance data rattled the NZ economy yesterday as it came in below expectations at -1.436B NZD....
October 27, 2016
Sterling falls notwithstanding UK GDP
On Thursday, the British pound sagged against the greenback, notwithstanding data on third quarter growth showing that Britain’s economy shrugged off the immediate shock of the Brexit referendum...

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