Gold futures rose on Wednesday on safe-haven demand after weak U.S. indicators sent U.S. stocks and the dollar dropping earlier. Gold and the dollar tend to trade inversely with one another, while the yellow metal often enjoys safe-harbor demand amid times of dropping stock indices. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at 1,245.90 a troy ounce, up 0.94%, up from a session low of $1,222.20 and off a high of $1,250.00.
TRADING STRATEGY :
BUY GOLD ABOVE 1242 TGT 1246,1251 SL 1237
SELL GOLD BELOW 1237 TGT 1233,1228 SL 1242
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