EXNESS - Analytics


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Gold prices come close to the yearly high

Buy on a level breakthrough of 1358 with 1370 target. Stop loss = 1348.

Reason for the trading strategy

Over the last month, the yield on 10-year bonds of the US, German, and Japan fell by 26 bps, 19 bps, and 15 bps respectively. Against this background investors buy gold as an alternative investment.  




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