INTERNATIONAL COMMODITY NEWS :
Gold prices opened lower in early Asia on Monday as investors now strongly expect the Federal Reserve will move to raise rates sometime in 2015 following strong U.S. jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,188.30 a troy ounce, down 0.34%, after settling at $1,190.40 by close of trade Friday, down $17.30, or 1.43% Last week,gold futures tumbled sharply on Friday, as robust U.S. non-farm payrolls data fueled optimism over the strength of the economy and boosted expectations that the Federal Reserve will begin to raise rates sooner and faster than previously thought.
TRADING STRATEGY :
SELL GOLD BELOW 1185 TARGET 1180 1174 SL 1191
BUY GOLD ABOVE 1196 TARGET 1201 1207 SL 1190
Gold prices opened lower in early Asia on Monday as investors now strongly expect the Federal Reserve will move to raise rates sometime in 2015 following strong U.S. jobs data. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery traded at $1,188.30 a troy ounce, down 0.34%, after settling at $1,190.40 by close of trade Friday, down $17.30, or 1.43% Last week,gold futures tumbled sharply on Friday, as robust U.S. non-farm payrolls data fueled optimism over the strength of the economy and boosted expectations that the Federal Reserve will begin to raise rates sooner and faster than previously thought.
TRADING STRATEGY :
SELL GOLD BELOW 1185 TARGET 1180 1174 SL 1191
BUY GOLD ABOVE 1196 TARGET 1201 1207 SL 1190
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