INTERNATIONAL COMMODITY NEWS :
Gold prices were higher on Monday, but held around the $1,200 threshold as the sustained strength of the dollar continued to weigh on the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.34% to $1,200.10.The February contract ended Friday’s session 0.10% higher at $1,196.00 an ounce.The dollar remained supported after the Federal Reserve signaled last week that it was on track to raise interest rates next year but said it was taking a patient stance.
TRADING STRATEGY :
BUY GOLD ABOVE 1179.75 TARGET 1184.75 1190.75 SL 1173.75
SELL GOLD BELOW 1175 TARGET 1170 1164 SL 1181
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Gold prices were higher on Monday, but held around the $1,200 threshold as the sustained strength of the dollar continued to weigh on the precious metal.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were up 0.34% to $1,200.10.The February contract ended Friday’s session 0.10% higher at $1,196.00 an ounce.The dollar remained supported after the Federal Reserve signaled last week that it was on track to raise interest rates next year but said it was taking a patient stance.
TRADING STRATEGY :
BUY GOLD ABOVE 1179.75 TARGET 1184.75 1190.75 SL 1173.75
SELL GOLD BELOW 1175 TARGET 1170 1164 SL 1181
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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