INTERNATIONAL COMMODITY NEWS :
Gold prices gained in early Asia on Monday as investors sought the precious metal on uncertainty over the pace and timing of any Federal Reserve rate hike next year. Markets in Japan are to remain closed for a national holiday. China’s trade balance is scheduled with no release time available with exports seen up 11.8%, imports down 2.7% and a trade surplus of $41 billion seen. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,230.30 a troy ounce, up 0.41%, after hitting an overnight session low of $1,217.70 and off a high of $1,225.80. Gold futures edged lower on Friday after the dollar continued to see support on concerns the global economy may be slumping as the U.S. recovers, though dovish language out of the Federal Reserve this week cushioned losses.
TRADING STRATEGY :
BUY GOLD ABOVE 1235 TGT 1239,1244 SL 1230
SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233
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
Gold prices gained in early Asia on Monday as investors sought the precious metal on uncertainty over the pace and timing of any Federal Reserve rate hike next year. Markets in Japan are to remain closed for a national holiday. China’s trade balance is scheduled with no release time available with exports seen up 11.8%, imports down 2.7% and a trade surplus of $41 billion seen. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,230.30 a troy ounce, up 0.41%, after hitting an overnight session low of $1,217.70 and off a high of $1,225.80. Gold futures edged lower on Friday after the dollar continued to see support on concerns the global economy may be slumping as the U.S. recovers, though dovish language out of the Federal Reserve this week cushioned losses.
TRADING STRATEGY :
BUY GOLD ABOVE 1235 TGT 1239,1244 SL 1230
SELL GOLD BELOW 1228 TGT 1224,1219 SL 1233
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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