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.

Publication source
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October 21, 2016
Gold prices drop in Asia amid stronger greenback
On Friday, gold dropped during Asia trade amid a strengthening greenback as well as surging chances of a rate hike weighing on the hedge commodity...
October 21, 2016
ECB holds the rate unchanged with the pressure on Draghi
After a brief upturn seen in the late Asian trading, the currency retreats to the Wednesday close showing a tepid response to the ECB policy update. The New York FED leader William Dudley comments offered a support to the Dollar rally although the focus remained on the US inflation...
October 21, 2016
EURGBP Tests Major Support
This morning we saw the release of German PPI YoY and MoM figures for September. The former fell to -1.4%, compared to expectations of -1.2%. The latter was -0.2%, in line with expectations...

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