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.


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