EXNESS - Analytics

EXNESS

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Real

GOLD: growth against the background of an increased demand for protective assets

Buy on a level breakthrough of 1143 with 1165 target. Stop loss = 1121.

Reason for the trading strategy

Today at 14.00 GMT, the ISM business activity index in the US manufacturing sector will be published. The decline from 52.7 p. to 52.6 p., expected in the reporting period, may put some pressure on the dollar. Prior to the publication of the statistics, investors are selling it, buying gold because of lower US bond yields.

 

GOLD, H4

GOLD



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