GOLD: growth against the background of a weakening US dollar

Jul 16, 2015
33
0
7
Buy on a level breakthrough of 1118 with 1132 target. Stop loss = 1104.
Reason for the trading strategy
Following the statement made by Stanley Fischer, Deputy Chairman of the US Federal Reserve, market participants are rescheduling the first raising of the US federal funds rate and postpone it (until December 2015). Yesterday, he said that the US Federal Reserve was worried by the low inflation rate. According to the June totals, the annual growth rate of the US consumer price index was 0.1%, remaining 20 times lower than the US Federal Reserve targeted value of 2%.
 

fxapex

Active Trader
Jun 7, 2013
258
7
29
Gold prices have been trading low and it has been in a tight range as there is a strong resistance in this level.
 

Dmitriy Enrst

Active Trader
Mar 14, 2015
186
2
34
Gold prices have been moving down for the third session in run in response to a strong report on growth of consumer confidence in the United States. According to some market participants, it can make the Fed Reserve raise interest rate this year.