INTERNATIONAL COMMODITY NEWS :
Gold prices rose slightly in early Asia on Thursday with the focus on next week’s Federal Reserve meeting for signals on interest rates. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,227.50 a troy ounce, up 0.05%, after hitting an overnight session low of $1,225.70 and off a high of $1,238.90. Overnight, gold futures held steady on Wednesday after the dollar cooled its rally due to profit taking amid safe-haven demand for the yen, though uncertainty in Europe sent the yellow metal dipping into negative territory during afternoon trading on concerns the dollar may rise in the near future.
TRADING STRATEGY :
SELL GOLD BELOW 1223.5 TARGET 1218.5 1212.5 SL 1229.5
BUY GOLD ABOVE 1233 TARGET 1238 1244 SL 1227
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Gold prices rose slightly in early Asia on Thursday with the focus on next week’s Federal Reserve meeting for signals on interest rates. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,227.50 a troy ounce, up 0.05%, after hitting an overnight session low of $1,225.70 and off a high of $1,238.90. Overnight, gold futures held steady on Wednesday after the dollar cooled its rally due to profit taking amid safe-haven demand for the yen, though uncertainty in Europe sent the yellow metal dipping into negative territory during afternoon trading on concerns the dollar may rise in the near future.
TRADING STRATEGY :
SELL GOLD BELOW 1223.5 TARGET 1218.5 1212.5 SL 1229.5
BUY GOLD ABOVE 1233 TARGET 1238 1244 SL 1227
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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