Gold trading strategy release September 16 (updated) ~ forex trading basics

Closing session days 16/9 energy commodities, world gold prices tend to go up while Brent prices fell slightly. Specifically, the December gold futures on the Comex rose 3.6 USD to  1235.1 USD/ oz with a volume of less than 25% compared with an average of 100 days, according to data compiled by Bloomberg.

The market is trading very careful with the economic data published ahead of the policy meeting the Federal Reserve (Fed). ICE dollar index - exchange rate of dollars monitor with 6 strong currency - almost flat, trading up and down in a narrow range from 84.035 to 84.519 points after hitting the highest level in 14 months of the date 9/9.

Back in technical analysis of gold prices. After days of consecutive decline, there were signs that prices tend to increase. However, only the price adjustments in the major trend remains discounts. So we can surfing day.

Gold trading strategy release September 16,2014 - short term:
Buy limit: 1234 - 1235.50
Stop loss: 1230.30
Take Profit: 1244.50

forex trading basics