EXNESS - Analytics


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GOLD: consolidation in the range of 1077 -1100 dollars

Buy on a level breakthrough of 1100 with 1118 target. Stop loss = 1090.

Reason for the trading strategy

With the US federal funds rate increasing to 0.5% this year, the gold prices could briefly fall to 1 thousand dollars per troy ounce. From a technical point of view, their exit from the range of $1077-1100 will signal the opening of their respective positions.



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