INTERNATIONAL COMMODITY NEWS :
Gold prices seesawed between gains and losses in early Asia on Friday in the wake of the European Central Bank’s quantitative easing with the focus now on a gauge of China manufacturing activity.Ahead is the the HSBC China flash manufacturing PMI, which is closely tracked by the market, could be a key event for risk sentiment.This is due at 0945 local time (0145 GMT). There’s not much chance of a significant improvement in the headline reading over December’s fall to a seven-month low of 49.6.
TRADING STRATEGY :
BUY GOLD ABOVE 1307 TARGET 1312 1318 SL 1301
SELL GOLD BELOW 1293 TARGET 1288 1282 SL 1299
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Gold prices seesawed between gains and losses in early Asia on Friday in the wake of the European Central Bank’s quantitative easing with the focus now on a gauge of China manufacturing activity.Ahead is the the HSBC China flash manufacturing PMI, which is closely tracked by the market, could be a key event for risk sentiment.This is due at 0945 local time (0145 GMT). There’s not much chance of a significant improvement in the headline reading over December’s fall to a seven-month low of 49.6.
TRADING STRATEGY :
BUY GOLD ABOVE 1307 TARGET 1312 1318 SL 1301
SELL GOLD BELOW 1293 TARGET 1288 1282 SL 1299
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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