Gold prices moved lower on Wednesday in a quiet trading session void of major U.S. economic indicators, pressured downward by a firmer dollar. Gold and the dollar tend to trade inversely with one another. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.40% at $1,158.40, up from a session low of $1,156.70 and off a high of $1,169.40. The December contract settled up 0.28% at $1,163.00 on Tuesday.
TRADING STRATEGY :
BUY GOLD ABOVE 1165 TGT 1169,1175 SL 1160
SELL GOLD BELOW 1158 TGT 1154,1149 SL 1163
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