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.


Publication source
Exness information  Exness reviews

February 28, 2017
Markets await Trump's State of the Union speech
The currency markets are likely to stay flat ahead of President Trump's State of the Union Address to the Congress later this evening, in anticipation that the President will unveil his proposed tax reforms plans and also talk about the infrastructure spending...
February 28, 2017
Oil prices recovered back
Oil prices rebounded from the oversold zone in the Asian session. Sellers failed to regain 55.50 and gave the way to buyers. Buyers took a chance and had reversed all Friday' losses by the Monday's noon...
February 27, 2017
EURUSD dropping perfectly, remain bearish
Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support)...

OANDA Rating
FxPro Rating
Orbex Rating
OctaFX Rating
Fort Financial Services Rating
Cms Trader Rating Rating
Beeoptions Rating
Migesco Rating
99Binary Rating
OptionRally Rating
IQ Option Rating