INTERNATIONAL COMMODITY NEWS :
• Gold prices eased in Asia early Wednesday on profit-taking, but remain well supported on the civil strife in Iraq. Overnight, gold futures rose on fears the ongoing Iraqi insurgency will escalate, threaten U.S. recovery by dragging Washington deeper into the crisis and weaken the dollar, which trades inversely from the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,319.70 a troy ounce, down 0.12%, after hitting an overnight session low of $1,314.60 and off a high of $1,326.60.
TRADING STRATEGY :
GOLD-COMEX has closed @ 1311.76. If it breaks the level of 1309, it can touch the level of 1302 & 1292 respectively. If it sustain above the level of 1326, it can touch the level of 1333, 1343 respectively.
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
• Gold prices eased in Asia early Wednesday on profit-taking, but remain well supported on the civil strife in Iraq. Overnight, gold futures rose on fears the ongoing Iraqi insurgency will escalate, threaten U.S. recovery by dragging Washington deeper into the crisis and weaken the dollar, which trades inversely from the precious metal. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,319.70 a troy ounce, down 0.12%, after hitting an overnight session low of $1,314.60 and off a high of $1,326.60.
TRADING STRATEGY :
GOLD-COMEX has closed @ 1311.76. If it breaks the level of 1309, it can touch the level of 1302 & 1292 respectively. If it sustain above the level of 1326, it can touch the level of 1333, 1343 respectively.
- SELL GOLD-COMEX BELOW 1309 TGTS 1302, 1292 SL 1319.
- BUY GOLD-COMEX ABOVE 1326 TGTS 1333, 1343 SL 1316.
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
0 comments:
Post a Comment