EXNESS - Analytics

    EXNESS

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    Real

    Gold prices are rushing towards the yearly high

    Buy on a level breakthrough of 1283 with 1303 target. Stop loss = 1273. 

    Reason for the trading strategy

    Since the beginning of this month, gold prices have shown a growth of more than 5%. They have been supported by the statistics on the US labor market for May, which sharply reduced the likelihood of the base interest rate in the US increasing in June, and the rising concerns about the UK's possible exit from the EU. In the short term, the price of the precious metal can update the current year's high.  

     

    GOLD, H4

     


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