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In the short term, gold prices could rise to 1358 dollars

Discussion in 'Technical Analysis' started by Exness Analysis, Jul 1, 2016.

  1. Exness Analysis

    Exness Analysis New Member

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    XAUUSD
    July 1, 2016, 10:56
    Buy on a level breakthrough of 1338 with 1358 target. Stop loss = 1328.

    Reason for the trading strategy

    Today, attention should be paid to the ISM publication of the business activity index in the US manufacturing sector. If a decline in the index to less than 51 points is recorded in June, the global reserve currency will come under pressure. The gold prices could retest the yearly high as part of the uptrend.



    GOLD, H4


    https://goo.gl/KFJDg0
     
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