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
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September 26, 2016
The aftershocks of FOMC
The FED did not raise interest rates last week, as it was anticipated by many market participants. It seems like the FED decided to go with status quo and wait until a new American president is elected. We are waiting for a rate hike to take a place in December as it would be logical and a well justified thing to happen...
September 26, 2016
The week ahead: Focus shifts from central banks to politics
Monday’s US presidential debate will probably break a new record, not in the S&P 500, but the number of viewers which according to media analyst could reach over 100 million Americans, surpassing Carter-Reagan debate in 1980 which attracted 80.6 million viewers...
September 23, 2016
Risk rating
The market is in need of a new narrative. The Fed meeting in December is too far off and for now, the US election is not something that entices excitement. With central banks on hold, markets are pushing the envelope in terms of risk...

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