INTERNATIONAL COMMODITY NEWS :
Gold prices eased in Asia on Wednesday with investors focused on the results of a Federal Reserve meeting later in the day that might shift language on the outlook for interest rates. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,195.40 a troy ounce, down 0.13%, after hitting an overnight session low of $1,188.00 and off a high of $1,223.80. Overnight, gold futures dropped on Tuesday after investors shrugged off disappointing housing data that would have otherwise boosted prices and jumped to the sidelines ahead of the Federal Reserve’s statement on interest rates and monetary policy due out Wednesday.
TRADING STRATEGY :
BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
SELL GOLD BELOW 1193 TARGET 1188 1182 SL 1199
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Gold prices eased in Asia on Wednesday with investors focused on the results of a Federal Reserve meeting later in the day that might shift language on the outlook for interest rates. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,195.40 a troy ounce, down 0.13%, after hitting an overnight session low of $1,188.00 and off a high of $1,223.80. Overnight, gold futures dropped on Tuesday after investors shrugged off disappointing housing data that would have otherwise boosted prices and jumped to the sidelines ahead of the Federal Reserve’s statement on interest rates and monetary policy due out Wednesday.
TRADING STRATEGY :
BUY GOLD ABOVE 1200 TARGET 1205 1211 SL 1194
SELL GOLD BELOW 1193 TARGET 1188 1182 SL 1199
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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