INTERNATIONAL COMMODITY NEWS :
Gold prices held steady to weaker in Asia on Friday with the market looking for physical demand cues ahead of end of the year holidays. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at $1,141.20 a troy ounce, down 0.01%, after hitting an overnight session low of $1,137.70 and off a high of $1,149.00. Overnight, gold prices hovered near four-year lows on Thursday after upbeat U.S. jobless claims data and dovish comments from European Central Bank President Mario Draghi fueled demand for the dollar.
TRADING STRATEGY :
BUY GOLD ABOVE 1143 TGT 1147,1152 SL 1138
SELL GOLD BELOW 1136 TGT 1132,1127 SL 1141
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