GOLD: under pressure before the publication of the volume of retail sales in the US

November 13, 2015

Sell on a level breakthrough of 1078 with 1050 target. Stop loss = 1100.

Reason for the trading strategy

Before the publication of the October statistics on retail sales in the US gold prices remain close to their annual low. The release of the data will signal a strong increase in consumer spending of the US households, which form the bulk of the US GDP.

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