INTERNATIONAL COMMODITY NEWS :
Gold prices dipped in Asia on Wednesday as investors awaited fresh cues on the dollar and holiday demand. On the Comex division of the New York Mercantile Exchange , Gold future for February delivery traded at $1,196.80 a troy ounce, down 0.13%, after hitting an overnight session low of $1,191.80 and off a high of $1,212.50. Overnight, gold futures dropped on Tuesday after the dollar firmed on news that U.S. construction activity saw an uptick in November, which boosted demand for the dollar. Gold prices tumbled sharply on Tuesday, as a broadly stronger U.S. dollar dampened the appeal of the precious metal.
TRADING STRATEGY :
BUY GOLD ABOVE 1203.5 TARGET 1208.5 1214.5 SL 1197.5
SELL GOLD BELOW 1191.5 TARGET 1186.5 1180.5 SL 1197.5
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
Gold prices dipped in Asia on Wednesday as investors awaited fresh cues on the dollar and holiday demand. On the Comex division of the New York Mercantile Exchange , Gold future for February delivery traded at $1,196.80 a troy ounce, down 0.13%, after hitting an overnight session low of $1,191.80 and off a high of $1,212.50. Overnight, gold futures dropped on Tuesday after the dollar firmed on news that U.S. construction activity saw an uptick in November, which boosted demand for the dollar. Gold prices tumbled sharply on Tuesday, as a broadly stronger U.S. dollar dampened the appeal of the precious metal.
TRADING STRATEGY :
BUY GOLD ABOVE 1203.5 TARGET 1208.5 1214.5 SL 1197.5
SELL GOLD BELOW 1191.5 TARGET 1186.5 1180.5 SL 1197.5
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment