EXNESS - Analytics

    EXNESS

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    GOLD: under pressure before publication of the monthly report on the US labor market

    Sell on a level breakthrough of 1163 with 1142 target. Stop loss = 1173.

    Reason for the trading strategy

    The decline in unemployment in the US from 5.5% to 5.4%, expected in June, will push the US Federal Reserve towards an imminent tightening of the interest rate policy. According to the head of the Federal Reserve Bank of St. Louis James Bullard, raising the federal funds rate in the United States may take place in September 2015.

     

    GOLD, Daily

    GOLD


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