INTERNATIONAL COMMODITY NEWS :
Gold prices rose on Friday as events heated up in Ukraine, while investors digested an upbeat take on the economy from Federal Reserve Chair Janet Yellen and concluded that despite improvements taking place in the labor market, slackness persists, leading investors to believe the Fed will take its time raising interest rates. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,281.20 a troy ounce during U.S. trading, up 0.45%, up from a session low of $1,275.00 and off a high of $1,283.70. The December contract settled down 1.53% at $1,275.40 on Thursday
TRADING STRATEGY :
- SELL GOLD BELOW@1272 TGT 1268,1263 SL 1277
- BUY GOLD ABOVE@1277 TGT 1282,1287 SL 1271
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