EXNESS - Analytics


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    Gold prices are rushing towards the level of $1205

    Buy on a level breakthrough of 1175 with 1205 target. Stop loss = 1160.

    Reason for the trading strategy

    The weak macroeconomic statistics in China reduces the likelihood of the interest rate policy tightening in the US this year, and promotes growth in demand for gold. In the short term the price for it may grow to 1205 dollars.

    GOLD, Daily


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