EXNESS - Analytics


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GOLD: growth before publication of macroeconomic statistics in the US

Buy on a level breakthrough of 1084 with 1095 target. Stop loss = 1074.

Reason for the trading strategy

The data on retail sales, producer price index and the US industrial production will be published today. The 0,1-0.2% (m/m) decline in all the indicators expected in December will put pressure on the world's reserve currency. In the short term, the gold prices could grow to $1095.



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