INTERNATIONAL COMMODITY NEWS :
Gold prices held steady to weaker in Asia on Friday with markets in Tokyo trading light ahead of a three-day weekend, though investors are still looking for physical demand support ahead of the year-end holidays. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,193.00 a troy ounce, down 0.04%, after hitting an overnight session low of $1,176.30 and off a high of $1,196.60. Japan has a publi holiday on Monday. Overnight, Gold prices edged lower in U.S. trading on Thursday after a batch of upbeat U.S. indicators sent investors flocking to the dollar, which trades inversely with the yellow metal.
TRADING STRATEGY :
SELL GOLD BELOW 1191 TARGET 1185 ,1175 SL 1197
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Gold prices held steady to weaker in Asia on Friday with markets in Tokyo trading light ahead of a three-day weekend, though investors are still looking for physical demand support ahead of the year-end holidays. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,193.00 a troy ounce, down 0.04%, after hitting an overnight session low of $1,176.30 and off a high of $1,196.60. Japan has a publi holiday on Monday. Overnight, Gold prices edged lower in U.S. trading on Thursday after a batch of upbeat U.S. indicators sent investors flocking to the dollar, which trades inversely with the yellow metal.
TRADING STRATEGY :
SELL GOLD BELOW 1191 TARGET 1185 ,1175 SL 1197
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