30.07.2014 10:10 XAUUSD
XAUUSD: under pressure before publication of US GDP for Q2 of 2014
Sell on a level breakthrough of 1295 with 1278 target. Stop loss = 1310.
Reason for the trading strategy.
Today at 12.30 GMT, the preliminary GDP will be published for the US in Q2 of 2014. In the reporting period, a growth rate of 3.1% (q/q) is expected after a reduction by 2.9% (q/q) in Q1 of 2014. The growth of the main macroeconomic indicator will increase the likelihood of imminent reduction of the asset purchases program in the US, which will support the world's reserve currency.
GOLD, H4
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