GOLD: growth against the background of a weakening US dollar

Discussion in 'Forex News' started by Exness-Official, Aug 12, 2015.

  1. Exness-Official

    Exness-Official Banned

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    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%.[​IMG]
     
  2. fxapex

    fxapex Active Trader

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    Gold prices has been trying to move up, but the resistance is very high.
     
  3. fxapex

    fxapex Active Trader

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    Gold prices have been trading low and it has been in a tight range as there is a strong resistance in this level.
     
  4. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    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.
     

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