INTERNATIONAL COMMODITY NEWS :
Gold prices fell in U.S. trading on Wednesday as investors bet the Federal Reserve remains on track to raise interest rates some time in 2015, as only the timing of a move to tighten policy is still up in the air. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.96% at $1,185.60, up from a session low of $1,174.90 and off a high of $1,201.70. The December contract settled up 1.15% at $1,197.10 on Tuesday.
TRADING STRATEGY :
BUY GOLD ABOVE 1185 TGT 1189,1195 SL 1180
SELL GOLD BELOW 1175 TGT 1171,1165 SL 1180
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Gold prices fell in U.S. trading on Wednesday as investors bet the Federal Reserve remains on track to raise interest rates some time in 2015, as only the timing of a move to tighten policy is still up in the air. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.96% at $1,185.60, up from a session low of $1,174.90 and off a high of $1,201.70. The December contract settled up 1.15% at $1,197.10 on Tuesday.
TRADING STRATEGY :
BUY GOLD ABOVE 1185 TGT 1189,1195 SL 1180
SELL GOLD BELOW 1175 TGT 1171,1165 SL 1180
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