Monday, December 7, 2015

SGX Comex Recommendations : Epic Research Singapore

INTERNATIONAL COMMODITY NEWS :
Gold prices slipped to fresh six-year lows in European morning hours on Friday, as expectations for a U.S. rate hike this month overshadowed the previous session’s policy statement by the European Central Bank and sent the dollar higher.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery were down 0.15% at $1,059.50.


TRADING STRATEGY :
BUY GOLD ABOVE 1065 TARGET 1070 1076 SL 1059
SELL GOLD BELOW 1055 TARGET 1050 1044 SL 1061

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