In the short term, the price of gold could test the $ 1169 level

October 9, 2015

Buy on a level breakthrough of 1152 with 1169 target. Stop loss = 1140.

Reason for the trading strategy

 This week, placement of the 3-month US bonds with a yield of about 0% does not attract the attention of investors who are shifting their attention to alternative investments such as gold and high-yield bonds of developing countries.

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