EXNESS - Analytics

    EXNESS

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    GOLD: consolidation in the range of 1064-1097

    Sell on a level breakthrough of 1064 with 1040 target. Stop loss = 1080.

    Reason for the trading strategy

    Gold prices have adjusted upwards after the publication of the US Federal Reserve meeting minutes for October. Investors, convinced of the inevitability US key interest rates raising in December, suppose that the US Federal Reserve's monetary policy tightening cycle will not be aggressive. Nevertheless, the risks of gold prices declining to $1,040 and to $1,000 in the long term appear to be high.

    GOLD, H1

    GOLD


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