GOLD: consolidation above the level 1189

October 15, 2015

Buy on a level breakthrough of 1189 with 1205 target. Stop loss = 1179.

Reason for the trading strategy

 Yesterday's US macroeconomic statistics put pressure on the profitability of the US government bonds and supported the demand for gold. On the level breakthrough of $1189, opening the next set of long positions in gold is worth considering.       

Publication source
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February 27, 2017
Black gold slightly declined amid the crude inventories report
The tone was negative in the oil market on Friday. The price reversed some losses in the night. Buyers returned the benchmark to 56.66 dollars per barrel where Brent caught fresh offers and moved lower...
February 27, 2017
Markets turn focus towards Trump address to Congress
On the evening of Tuesday, February 28th, US President Trump is slated to give a major address to a joint session of Congress in lieu of the usual State of the Union address...
February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...

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