INTERNATIONAL COMMODITY NEWS :
Gold prices eased in Asia on Thursday with continued focus on the holiday demand season with investors also eyeing the dollar. On the Comex division of the New York Mercantile Exchange, gold future for February delivery traded at $1,209.10 a troy ounce, down 0.09%, after hitting an overnight session low of $1,194.20 and off a high of $1,214.90. Overnight, gold futures edged higher on Wednesday after data revealed the U.S. private sector picked up fewer jobs than expected in November, which sparked a round of bottom fishing. Gold has taken a beating in recent months on expectations for U.S. monetary policy to grow less accommodative and boost demand for the dollar, which tends to trade inversely with the yellow metal.
TRADING STRATEGY :
SELL GOLD BELOW 1205.5 TARGET 1200.5 1994.5 SL 1211.5
BUY GOLD ABOVE 1211.75 TARGET 1216.75 1222.75 SL 1205.5
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Gold prices eased in Asia on Thursday with continued focus on the holiday demand season with investors also eyeing the dollar. On the Comex division of the New York Mercantile Exchange, gold future for February delivery traded at $1,209.10 a troy ounce, down 0.09%, after hitting an overnight session low of $1,194.20 and off a high of $1,214.90. Overnight, gold futures edged higher on Wednesday after data revealed the U.S. private sector picked up fewer jobs than expected in November, which sparked a round of bottom fishing. Gold has taken a beating in recent months on expectations for U.S. monetary policy to grow less accommodative and boost demand for the dollar, which tends to trade inversely with the yellow metal.
TRADING STRATEGY :
SELL GOLD BELOW 1205.5 TARGET 1200.5 1994.5 SL 1211.5
BUY GOLD ABOVE 1211.75 TARGET 1216.75 1222.75 SL 1205.5
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
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