INTERNATIONAL COMMODITY NEWS :
• Gold prices continued gains in Asia on Friday after President Barack Obama said the U.S. would assist in determining the cause of the crash of a Malaysia Airlines plane near the Russia-Ukraine border. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,322.70 a troy ounce, up 0.44%, after hitting an overnight session low of $1,298.20 and off a high of $1,324.40.
TRADING STRATEGY :
GOLD-COMEX has closed @ 1318.81. If it breaks the level of 1311, it can touch the level of 1304 & 1292 respectively. If it sustain above the level of 1332, it can touch the level of 1339, 1351 respectively.
• Gold prices continued gains in Asia on Friday after President Barack Obama said the U.S. would assist in determining the cause of the crash of a Malaysia Airlines plane near the Russia-Ukraine border. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,322.70 a troy ounce, up 0.44%, after hitting an overnight session low of $1,298.20 and off a high of $1,324.40.
TRADING STRATEGY :
GOLD-COMEX has closed @ 1318.81. If it breaks the level of 1311, it can touch the level of 1304 & 1292 respectively. If it sustain above the level of 1332, it can touch the level of 1339, 1351 respectively.
- SELL GOLD-COMEX BELOW 1311 TGTS 1304, 1292 SL 1321.
- BUY GOLD-COMEX ABOVE 1332 TGTS 1339, 1351 SL 1322.
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