INTERNATIONAL COMMODITY NEWS :
Gold prices dipped on Tuesday after upbeat U.S. housing and consumer inflation cemented expectations for the Federal Reserve to chip away at its ultra-loose monetary policies that have supported the precious metal for years On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,296.70 a troy ounce during U.S. trading, down 0.20%, up from a session low of $1,295.00 and off a high of $1,303.30.The December contract settled down 0.53% at $1,299.30 on Monday.
TRADING STRATEGY :
BUY GOLD COMEX ABOVE 1300 TGT 1304,1309 SL1295
SELL GOLD COMEX BELOW 1292 TGT 1288,1283 SL1297
Gold prices dipped on Tuesday after upbeat U.S. housing and consumer inflation cemented expectations for the Federal Reserve to chip away at its ultra-loose monetary policies that have supported the precious metal for years On the Comex division of the New York Mercantile Exchange, goldfutures for December delivery traded at 1,296.70 a troy ounce during U.S. trading, down 0.20%, up from a session low of $1,295.00 and off a high of $1,303.30.The December contract settled down 0.53% at $1,299.30 on Monday.
TRADING STRATEGY :
BUY GOLD COMEX ABOVE 1300 TGT 1304,1309 SL1295
SELL GOLD COMEX BELOW 1292 TGT 1288,1283 SL1297
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