EXNESS - Analytics

    EXNESS

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    GOLD: consolidation below the 1141 resistance level

    Buy on a level breakthrough of 1141 with 1169 target. Stop loss = 1121.

    Reason for the trading strategy

    The publication of the September statistics on the US labor market, which was significantly worse than expected, put pressure on the world's reserve currency.According to the president of the US Federal Reserve Louis Bullard, the cumulative progress in the labor market is much more important than one employment report. He believes that the normalization of interest rates in the US would allow "to avoid any unnecessary risks associated with the exceptionally low interest rates."At present, the likelihood of the US Federal Reserve increasing the key interest rate in December 2015 remains, but is still low.

    GOLD, Daily

    GOLD


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