EXNESS - Analytics


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    GOLD: consolidation above the level of $1261

    Sell on a level breakthrough of 1261 with 1250 target. Stop loss = 1271.

    Reason for the trading strategy

    Yesterday, J. Yellen said that in the short term, the US Federal Reserve expected a recovery of economic growth after a disappointing first quarter. The head of the central bank still expects a "gradual" rate increase, without indicating the exact date. In theory, the US Federal Reserve could raise the rates in July. This will happen if the employment statistics in the United States for June shows a clear improvement and the risks, associated with the referendum in the UK and a slowdown in China's economy, are not realized. 


    GOLD, H1


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