GOLD: consolidation before the publication of the volume of production orders in the US

February 3, 2015


Buy on a level breakthrough of 1285 with 1305 target. Stop loss = 1270.

Reason for the trading strategy

Today at 15.00 GMT, the volume of production orders in the US for December 2014 will be published. The expected decline of 2.2% (m/m) may put pressure on the world's reserve currency and support the demand for gold. In the breakdown of the $1285 level, opening long positions is worth considering.


Publication source
EXNESS information  EXNESS reviews

September 27, 2016
Markets start last week of September on the back foot
It hasn't been a great start for global equities in this last week of September, with European indices dropping between 1.0 to 1.5 per cent during Monday’s morning session, mirroring a similar performance in Chinese and Japanese markets overnight...
September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...

Larson&Holz IT Ltd Rating
HYCM Rating
FXCM Rating
FIBO Group Rating
Fort Financial Services Rating
Grand Capital Rating

OptionRally Rating
Grand Option Rating
OptionTrade Rating
Anyoption Rating
TopOption Rating
Binary Brokerz Rating