01.12.2014 7:07 XAUUSD
GOLD: under pressure after a referendum held in Switzerland
Buy on rebound from 1131 level with 1178 target. Stop loss = 1110.
Reason for the trading strategy
Gold prices fell sharply after the referendum held in Switzerland. The Swiss felt that the national regulator should not increase the minimum share of gold to 20% in their reserves. In the short term, the precious metal risks testing the support level of $ 1131.
GOLD, H4
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