INTERNATIONAL COMMODITY NEWS :
Gold prices held mostly flat in Asia on Wednesday with investors looking ahead to events in Europe on the euro and Greece. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded up 0.02% to $1,293.40 a troy ounce.Overnight, gold extended gains to trade near the $1,300-level on Tuesday, as investors looked ahead to the European Central Bank’s policy meeting later this week to see if it would launch a government bond-buying program.
TRADING STRATEGY :
BUY GOLD ABOVE 1300 TARGET 1305 1311 SL 1294
SELL GOLD BELOW 1285 TARGET 1280 1274 SL 1291
Gold prices held mostly flat in Asia on Wednesday with investors looking ahead to events in Europe on the euro and Greece. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded up 0.02% to $1,293.40 a troy ounce.Overnight, gold extended gains to trade near the $1,300-level on Tuesday, as investors looked ahead to the European Central Bank’s policy meeting later this week to see if it would launch a government bond-buying program.
TRADING STRATEGY :
BUY GOLD ABOVE 1300 TARGET 1305 1311 SL 1294
SELL GOLD BELOW 1285 TARGET 1280 1274 SL 1291
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