Published on Friday, data on the US labor market, released almost 2 times worse than expected, given the market reason to expect that the US Federal Reserve would not rush to raise your bid. Against this background (falling dollar and a longer period of low interest rates in the United States), gold gained momentum for growth. Monday will be about to publish data on the index of business activity in the US service sector.
If the index will also be worse than expected, there will be additional evidence that the economic recovery is not so stable to US regulator began to force the issue with the tightening.
In support of gold stands and geopolitical instability in the Middle East. About changing attitudes toward gold and shows the dynamics of futures positions. Net cash flow of gold began to rise. It is worth noting that it takes place against the background of a simultaneous increase in the number of long and short positions to reduce the number.
|Xau usd chart|
XAU/USD – buy gold – Buy prices in the breakdown of the level of 1225.55 to 1233.08 for the purpose. Stop-Loss = 1221,02
Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes only and do not guarantee the results obtained.