GOLD: growth before the publication of the US Federal Reserve's decision on the interest rates

October 28, 2015

Buy on a level breakthrough of 1172 with 1190 target. Stop loss = 1160.

Reason for the trading strategy

The September statistics on the US signify a likely slowdown in the US GDP growth in Q3 2015 and requires the US regulator to conduct a soft monetary policy. At the level breakthrough of $1172, opening long positions in gold can be considered.

Publication source
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