26.11.2014 7:07 XAUUSD
The gold prices have not changed since the publication of the US macroeconomic statistics
Buy on a level breakthrough of 1208 with 1220 target. Stop loss = 1196.
Reason for the trading strategy
Gold prices are practically unchanged since the publication of such notable macroeconomic indicators in the United States, as the Conference Board GDP and consumer confidence index.. Meanwhile, the revision of the GDP growth rate from 3.5% (q/q) to 3.9% (q/q) in Q3 2014, has increased the likelihood of an imminent tightening of the US monetary policy. From a technical point of view, with a breakthrough of the $1,208 resistance level, opening long positions in gold should be considered.
GOLD, H4
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