EXNESS - Analytics

EXNESS

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Real

GOLD: consolidation below the 1190 resistance level

Buy on a level breakthrough of 1190 with 1200 target. Stop loss = 1180.

Reason for the trading strategy

In May, the volume of industrial production in the US fell by 0.2% (m/m) with the expected growth rate of 0.2% (m/m). Despite the fact that the greater amount of the US GDP owes to the service sector rather than to the manufacturing sector, the news is negative for the US dollar. Today, attention should be paid to the US construction sector statistics.

GOLD, H1

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