KLSE Comex Recommendations : Epic Research Malaysia

INTERNATIONAL COMMODITY NEWS :

 Gold prices slid on Monday after the Jackson Hole, Wyoming, symposium wrapped up leaving markets expecting monetary policy to tighten in the U.S. while remaining loose in Europe and in Japan. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,278.70 a troy ounce during U.S. trading, down 0.12%, up from a session low of $1,276.50 and off a high of $1,282.10. The December contract settled up 0.38% at $1,280.20 on Friday. The Federal Reserve Bank of Kansas City’s annual Jackson Hole symposium wrapped up over the weekend leaving investors preparing for diverging monetary policies across the globe.

TRADING STRATEGY :

• BUY GOLD ABOVE 1279 TGT 1283,1288 SL 1274
• SELL GOLD BELOW 1276 TGT 1272,1266 SL 1281.30

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