Gold

Gold prices fell on Monday under pressure as a firmer dollar and expectations for further interest rate hikes by the U.S. Federal Reserve offset U.S. 'snapback' sanctions targeting the purchase of precious metal.

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Plan A : Attempt selling if gold price remain trading below 1211.1

Plan B : Cut above 1213.8

Plan C : Consider buying only if gold price manage to recover above 1211.1 and stays firm

Plan D : Cut below 1206.9

FCPO

FCPO ran wild yesterday within narrow range, yet waiting for a clearer signal on Monday. Dalian and soybean oil are insignificant at this stage while Ringgit nailed to RM4.08 against the greenback.

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Plan A : Buy if market supported firm above 2206. Targets are 2229 and 2246.

Plan B : Sell if market failed to support above 2206. Targets are 2186 and 2171.

Plan C : Above 2216, no fresh position.

Plan D : Below 2196, no fresh position.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.