Buy on a level breakthrough of 1125 with 1134 target. Stop loss = 1116.
Reason for the trading strategy
Uncertainty about the timing of key interest rate increasing in the US has a moderating influence on the profitability of the US government bonds. If the July minutes of the US Federal Reserve meeting, which will be published tomorrow, are "soft", the price of gold could rise to 1134 dollars.
Reason for the trading strategy
Uncertainty about the timing of key interest rate increasing in the US has a moderating influence on the profitability of the US government bonds. If the July minutes of the US Federal Reserve meeting, which will be published tomorrow, are "soft", the price of gold could rise to 1134 dollars.
GOLD: consolidation in the range of $1112-1125