RiccardoAnnoni
Long

XAUUSD may rise on weak US data

FX:XAUUSD   Gold Spot / U.S. Dollar
43 4 1
The USD day has been opened with an 0.2 Advance GDP againt previous 2.0.
FOMC statement has been dovish and I expect GOLD             to rise when the dust is settled.

There are 2 ways you can trade XAUUSD:
1) TRADER: Wait for a daily bullish print and enter long at market with stop loss at a daily close below 1180.
2) INVESTOR: Wait for a daily close above 1220 and then enter long and prepare for a long bullish ride.

Cheers
R
yes dxy index is very low gold can increase easly..
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RiccardoAnnoni whynot1977
Agree. Just published an idea on USDOLLAR index.... it sits on a major support.
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whynot1977 RiccardoAnnoni
yes, but fed is known that dollar is very valueable and this high value is give damage to economy. They want to make dollar down little bit more. (My idea)
Reply
RiccardoAnnoni whynot1977
well, USD rate is 0.25 against EUR 0.05 so where is the point to rate hike? Yellen would rather QE instead! :-D
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