INTERNATIONAL COMMODITY NEWS :
Gold ticked higher in early Asia on Tuesday as the dollar eased against the yen.Overnight, gold prices edged higher on Monday, amid expectations central banks in China, Japan and Europe will have to implement more stimulus to boost growth.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,203.80 a troy ounce, up 0.08%. Expectations for further stimulus mounted after data released earlier showed that China’s trade activity was weaker than expected in November, while Japan’s economy shrank more than initially reported in third quarter.
TRADING STRATEGY :
BUY GOLD ABOVE 1203.75 TARGET 1208.75 1214.75 SL 1197.75
SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205
Gold ticked higher in early Asia on Tuesday as the dollar eased against the yen.Overnight, gold prices edged higher on Monday, amid expectations central banks in China, Japan and Europe will have to implement more stimulus to boost growth.On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,203.80 a troy ounce, up 0.08%. Expectations for further stimulus mounted after data released earlier showed that China’s trade activity was weaker than expected in November, while Japan’s economy shrank more than initially reported in third quarter.
TRADING STRATEGY :
BUY GOLD ABOVE 1203.75 TARGET 1208.75 1214.75 SL 1197.75
SELL GOLD BELOW 1199 TARGET 1194 1188 SL 1205
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