GOLD: under pressure against the background of rising employment in the USA

December 9, 2014

GOLD: under pressure against the background of rising employment in the USA

Sell on a level breakthrough of 1185 with 1142 target. Stop loss = 1210.

Reason for the trading strategy

The strong data on the US labor market published on Friday have contributed to the strengthening of the world's reserve currency in the foreign exchange market. The number of jobs outside the US agricultural sector in November increased by 321 thousand, which significantly exceeded the consensus forecast of 231 thousand. In the short term, we do not exclude that the gold prices will fall below $1185.

GOLD, H4

Publication source
EXNESS information  EXNESS reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

Tickmill Rating
HotForex Rating
Fort Financial Services Rating
 FXTM Rating
Z.com Trade Rating
FBS Rating

TopOption Rating
Migesco Rating
OptionBit Rating
UKoptions Rating
OptionTrade Rating
OptionRally Rating