Buy on a level breakthrough of 1189 with 1205 target. Stop loss = 1179.
Reason for the trading strategy
Yesterday's US macroeconomic statistics put pressure on the profitability of the US government bonds and supported the demand for gold. On the level breakthrough of $1189, opening the next set of long positions in gold is worth considering.
Reason for the trading strategy
Yesterday's US macroeconomic statistics put pressure on the profitability of the US government bonds and supported the demand for gold. On the level breakthrough of $1189, opening the next set of long positions in gold is worth considering.
GOLD: consolidation above the level 1189
