Thursday, December 3, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
Gold prices inched higher on Wednesday, as investors awaited key U.S. data later in the day for further indications on the strength of the economy and the likelihood of a near-term interest rate hike.The U.S. was to release the ADP jobs report for November at 8:15AM ET. Market players will also pay close attention to a speech by Federal Reserve Chair Janet Yellen on the U.S. economic outlook at 12:25 PM ET.

TRADING STRATEGY :
BUY GOLD ABOVE 1070 TARGET 1075 1086 SL 1064
SELL GOLD BELOW 1065 TARGET 1060 1054 SL 1071

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