INTERNATIONAL COMMODITY NEWS :
Gold prices trended higher on Tuesday as talks between Greece and euro zone finance ministers broke down overnight when Athens rejected a proposal to request a six-month extension of its international bailout as “unacceptable”.The unexpectedly rapid collapse raised doubts about Greece’s future in the single currency area after a new leftist-led government vowed to scrap the 240 billion euro bailout, reverse austerity policies and end cooperation with EU/IMF inspectors.
TRADING STRATEGY :
BUY GOLD ABOVE 1231 TARGET 1236 1242 SL 1225
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
Gold prices trended higher on Tuesday as talks between Greece and euro zone finance ministers broke down overnight when Athens rejected a proposal to request a six-month extension of its international bailout as “unacceptable”.The unexpectedly rapid collapse raised doubts about Greece’s future in the single currency area after a new leftist-led government vowed to scrap the 240 billion euro bailout, reverse austerity policies and end cooperation with EU/IMF inspectors.
TRADING STRATEGY :
BUY GOLD ABOVE 1231 TARGET 1236 1242 SL 1225
SELL GOLD BELOW 1223 TARGET 1218 1212 SL 1229
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