INTERNATIONAL COMMODITY NEWS :
Gold prices dipped in Asia on Tuesday with civil unrest in Hong Kong a continued focus as is data from China on manufacturing. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,215.90 a troy ounce, down 0.04%, after hitting an overnight session low of $1,215.90 and off a high of $1,223.90.In China, HSBC/Market is due to release the final reading of their September PMI at 0945 local (0145 GMT). The flash reading, released last week, showed a surprise uptick to 50.5 from August’s final 50.2, helping lift sentiment. Overnight, gold futures came off earlier highs in trading after the dollar recovered from mixed U.S. Data.
TRADING STRATEGY :
BUY GOLD ABOVE 1220 TGT 1224,129 SL 1215
SELL GOLD BELOW 1213 TGT 1209,1204 SL 1218.20
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Gold prices dipped in Asia on Tuesday with civil unrest in Hong Kong a continued focus as is data from China on manufacturing. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,215.90 a troy ounce, down 0.04%, after hitting an overnight session low of $1,215.90 and off a high of $1,223.90.In China, HSBC/Market is due to release the final reading of their September PMI at 0945 local (0145 GMT). The flash reading, released last week, showed a surprise uptick to 50.5 from August’s final 50.2, helping lift sentiment. Overnight, gold futures came off earlier highs in trading after the dollar recovered from mixed U.S. Data.
TRADING STRATEGY :
BUY GOLD ABOVE 1220 TGT 1224,129 SL 1215
SELL GOLD BELOW 1213 TGT 1209,1204 SL 1218.20
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