Gold and silver futures edged higher on Monday, as worries over ongoing tensions in Ukraine and the Gaza Strip continued to dampen risksentiment and boost demand for safe haven assets. On the Comex division of the New York Mercantile Exchange, gold for August delivery tacked on 0.35%, or $4.60, to trade at $1,314.00 a troy ounce during U.S. morning hours. Prices held in a tight range between $1,308.00 and $1,314.80.
TRADING STRATEGY :
SELL GOLD-COMEX BELOW 1314 TGTS 1307, 1297 SL 1325
BUY GOLD-COMEX ABOVE 1314 TGTS 1321, 1331 SL 1304.
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