EXNESS - Analytics

    EXNESS

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    GOLD: under pressure before the publication of the ISM business activity index in the US non-manufacturing sector

    Sell on level breakthrough of 1165 with 1157 and 1142 targets. Stop loss = 1173.

    Reason for the trading strategy

    Today at 14.00 GMT, the ISM business activity index in the US non-manufacturing sector will be published. The growth rate from 55.7 p. to 56.7 p., expected in June, will support the world's reserve currency. Revaluation of dates for the first increase in this year's federal funds rate in the US has had a significant impact on the US dollar and the precious metals.

     

    GOLD, H4

    GOLD


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