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.

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