INTERNATIONAL COMMODITY NEWS :
Gold prices eased slightly in Asia on Wednesday as investors awaited fresh cues on European growth prospects and geopolitical tensions. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,310.00 a troy ounce, down 0.05%, after hitting an overnight session low of $1,306.90 and off a high of $1,318.90.Overnight, gold prices rose albeit in choppy trading after data out of Germany suggested the Russia-Ukraine conflict may be watering down global recovery, which bolstered the precious metal’s safe-haven appeal.
BUY GOLD ABOVE 1312 TG 1318,1328 SL 1302
SELL GOLD BELOW 1304 TG 1294,1284 SL 1314
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Gold prices eased slightly in Asia on Wednesday as investors awaited fresh cues on European growth prospects and geopolitical tensions. On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at $1,310.00 a troy ounce, down 0.05%, after hitting an overnight session low of $1,306.90 and off a high of $1,318.90.Overnight, gold prices rose albeit in choppy trading after data out of Germany suggested the Russia-Ukraine conflict may be watering down global recovery, which bolstered the precious metal’s safe-haven appeal.
TRADING STRATEGY :
SELL GOLD BELOW 1304 TG 1294,1284 SL 1314
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