Gold

Gold prices slid on Thursday, under pressure from a stronger dollar as a prominent U.S. Federal Reserve official reaffirmed the central bank's intention to raise interest rates and punitive trade tariff's between the United States and China kicked in.

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Plan A : Attempt buying if gold price able to hold firm above 1185.1

Plan B : Cut below 1182

Plan C : Consider selling if gold price fails to hold above 1185.1

Plan D : Cut above 1191

FCPO failed to rebound across 2238 and slumped to 2217 during the second session on Thursday. Dalian and soybean oil are mixed while Ringgit stays weak at RM4.10 against the greenback.
 

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Plan A : Buy only if market stay firm above 2231. Targets are 2245 and 2265.
Plan B : Sell if market failed to support above 2231. Targets are 2214 and 2202.

Plan C : Above 2241, no fresh position.

Plan D : Below 2221, 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.