INTERNATIONAL COMMODITY NEWS :
Gold prices rose in early Asia on Wednesday with investors focused on U.S. demand ahead of the start of the busy Christmas shopping season this week. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,201.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,190.60 and off a high of $1,203.00.Overnight, gold prices posted cautious gains in U.S. trading on Tuesday after a soft report on U.S. consumer confidence weakened the dollar, though a robust economic growth report capped the precious metal’s gains.
TRADING STRATEGY :
SELL GOLD BELOW 1191 TARGET 1181 1171 SL 1201
BUY GOLD ABOVE 1205 TARGET 1215 1225 SL 1195
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Gold prices rose in early Asia on Wednesday with investors focused on U.S. demand ahead of the start of the busy Christmas shopping season this week. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,201.40 a troy ounce, up 0.07%, after hitting an overnight session low of $1,190.60 and off a high of $1,203.00.Overnight, gold prices posted cautious gains in U.S. trading on Tuesday after a soft report on U.S. consumer confidence weakened the dollar, though a robust economic growth report capped the precious metal’s gains.
TRADING STRATEGY :
SELL GOLD BELOW 1191 TARGET 1181 1171 SL 1201
BUY GOLD ABOVE 1205 TARGET 1215 1225 SL 1195
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