Sell on a level breakthrough of 1121 with 1101 target. Stop loss = 1131.
Reason for the trading strategy
Today at 12.30 GMT, the figures for the US merchandise trading balance will be published. The expected growth rate from to minus $59.1 billion to minus $ 57.3 billion will support the world's reserve currency. The trade turnover is 75% of the country's trade balance, which in turn is part of the US GDP.
Reason for the trading strategy
Today at 12.30 GMT, the figures for the US merchandise trading balance will be published. The expected growth rate from to minus $59.1 billion to minus $ 57.3 billion will support the world's reserve currency. The trade turnover is 75% of the country's trade balance, which in turn is part of the US GDP.
GOLD: consolidation higher than the 1121 level
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