INTERNATIONAL COMMODITY NEWS :
Gold prices edged forward on Friday, as the euro resumed its slide and weaker than expected U.S. data curbed investor expectations of short-term economic growth. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery inched up 1.40 or 0.12% to 1,153.20 a troy ounce. Gold futures fell steadily in U.S. afternoon trading after peaking at 1,1680.80 hours earlier on a lightly traded session. After dipping more than $30 last Friday to erase all of its yearly gains for 2015, gold futures still remain above its 52-week low of $1,142.47 reached in mid-November.
TRADING STRATEGY :
BUY GOLD ABOVE 1161.75 TARGET 166.75 1172.75 SL 1155.75
SELL GOLD BELOW 1152 TARGET 1147 1141 SL 1158
Gold prices edged forward on Friday, as the euro resumed its slide and weaker than expected U.S. data curbed investor expectations of short-term economic growth. On the Comex division of the New York Mercantile Exchange, gold futures for April delivery inched up 1.40 or 0.12% to 1,153.20 a troy ounce. Gold futures fell steadily in U.S. afternoon trading after peaking at 1,1680.80 hours earlier on a lightly traded session. After dipping more than $30 last Friday to erase all of its yearly gains for 2015, gold futures still remain above its 52-week low of $1,142.47 reached in mid-November.
TRADING STRATEGY :
BUY GOLD ABOVE 1161.75 TARGET 166.75 1172.75 SL 1155.75
SELL GOLD BELOW 1152 TARGET 1147 1141 SL 1158
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