GOLD: growth before the publication of the ISM business activity index in the US services sector

April 6, 2015

Buy on a level breakthrough of 1223 with 1255 target. Stop loss = 1200.

Reason for the trading strategy
Tonight, the ISM business activity index in the US service sector will be published. The decline in the index from 56.9 p. to 56.6 p., expected in March, may put pressure on the world's reserve currency. Opening long positions in gold is worth considering at a breakthrough of the 1223 level.


Publication source
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February 17, 2017
US dollar poised to end the weak on a bearish note
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February 17, 2017
Brent remained rather unchanged
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February 16, 2017
U.S. dollar remained near its fresh highs
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