KLSE Comex Recommendations

INTERNATIONAL COMMODITY NEWS :

Gold prices eased mildly in early Asia on Monday in thin pre-holiday trade. Investors looked ahead to year-end holiday demand prospects and U.S. GDP data on Tuesday for direction. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,194.90 a troy ounce, down 0.07%.Last week, gold futures came off earlier lows and moved into positive territory on Friday after investors felt the commodity had fallen too far amid a dollar rally. Gold prices have tumbled in recent months as markets prep for the Fed to raise interest rates, which is widely seen taking place in 2015, as higher borrowing costs chip away at the precious metal’s appeal as a hedge to weaker paper currencies, the product of loose monetary policy.



TRADING STRATEGY :
BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
SELL GOLD BELOW 1192.5 TARGET 1187.5 1181.5 SL 1198.5