EXNESS - Analytics

    EXNESS

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    Real

    GOLD: growth against the background of a weakness of the global reserve currency

    Buy on a level breakthrough of 1170 with 1187 target. Stop loss = 1160.

    Reason for the trading strategy

    Gold prices are adjusting upwards, winning back the weak June report on the US labor market. In April-May, the NFPR index was revised downwards by 60 thousand, while in June, the annual rate of increase in the average hourly wage in the United States declined from 2.3% to 2.0%. Thus, in Q2 2015, the growth dynamics in consumer spending of US households, which are the main contributors to the US GDP, will remain weak.

     

    GOLD, H4

    GOLD


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