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.

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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...

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