EXNESS - Analytics

    EXNESS

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    Real

    GOLD: consolidation below the level of 1358

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

    Reason for the trading strategy

    The demand for precious metals is growing against the background of investors' expectations that central banks will soften their monetary policy after the decision of Great Britain to leave the EU, as it will lead to further decrease of interest rates. The gold prices could reach the range of $1358 -1370 during the week.

     

    GOLD, H4

     


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