FXTM information and reviews
FXTM
92%
IronFX information and reviews
IronFX
91%
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Libertex
90%
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FxPro
89%
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FIBO Group
88%
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FXCM
87%
EUR/USD
1.2021
GBP/USD
1.391
USD/JPY
109.332
USD/CHF
0.9132
USD/CAD
1.2287
EUR/JPY
131.4312

GOLD: consolidation above the level 1189


15 October 2015

Buy on a level breakthrough of 1189 with 1205 target. Stop loss = 1179.

Reason for the trading strategy

 Yesterday's US macroeconomic statistics put pressure on the profitability of the US government bonds and supported the demand for gold. On the level breakthrough of $1189, opening the next set of long positions in gold is worth considering.       

#source

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