INTERNATIONAL COMMODITY NEWS :
Gold prices held steady in Asia early Wednesday with investors on the sidelines awaiting new demand cues. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,163.70 a troy ounce, down 0.03%, after hitting an overnight session low of $1,145.60 and off a high of $1,165.70. Overnight, gold prices moved higher on Tuesday on a double shot of rising physical demand and a weaker dollar.
TRADING STRATEGY :
BUY GOLD ABOVE 1165 TGT 1169,1174 SL 1160
SELL GOLD BELOW 1160 TGT 1156,1151 SL 1165
Gold prices held steady in Asia early Wednesday with investors on the sidelines awaiting new demand cues. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,163.70 a troy ounce, down 0.03%, after hitting an overnight session low of $1,145.60 and off a high of $1,165.70. Overnight, gold prices moved higher on Tuesday on a double shot of rising physical demand and a weaker dollar.
TRADING STRATEGY :
BUY GOLD ABOVE 1165 TGT 1169,1174 SL 1160
SELL GOLD BELOW 1160 TGT 1156,1151 SL 1165
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