29.07.2014 9:09 XAUUSD
XAUUSD: consolidation before publication of the US consumer confidence index from the Conference Board
Sell on a level breakthrough of 1300 with 1287 target. Stop loss = 1310.
Reason for the trading strategy.
This evening, the US consumer confidence index from the Conference Board will be published, which is based on a survey of 5,000 American households. An increase in the indicator from 85.2 billion to 85.5 billion euros is expected, which may provide some support for the world's reserve currency. A restraining factor on the dollar today will be the probable decline in the housing price index in 20 major US cities.
GOLD, H4
XAUUSD: consolidation before publication of the US consumer confidence index from the Conference Board
Sell on a level breakthrough of 1300 with 1287 target. Stop loss = 1310.
Reason for the trading strategy.
This evening, the US consumer confidence index from the Conference Board will be published, which is based on a survey of 5,000 American households. An increase in the indicator from 85.2 billion to 85.5 billion euros is expected, which may provide some support for the world's reserve currency. A restraining factor on the dollar today will be the probable decline in the housing price index in 20 major US cities.
GOLD, H4
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