Gold prices held firm on Wednesday as the dollar weakened on hopes of a trade deal between the United States and China, but an improved risk appetite limited gains. 

Spot gold was steady at $1,311 per ounce, as of 0115 GMT.

U.S. gold futures were mostly unchanged at $1,314.20 per ounce.

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Plan A : Buy only if market could support firm above 1314.6. Targets 1321.1 and 1328.2.

Plan B : Sell if market rebounded but failed to support above 1314.6. Targets are 1307.4 and 1301.5.

Plan C : Above 1318, no fresh position.

Plan D : Below 1310, no fresh position.

HSI/HSI Warrants

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Plan A : Above 28376, do nothing
Plan B : Below 27772, do nothing
Plan C : Attempt buying if market stands firm above 28094
Plan D : Cut below 28011
Plan E : Consider selling if market does not break above 28335
Plan F : Cut above 28420


 

FKLI failed to sustain above 1690's despite it tipped at 1691.5 yesterday before it then declined to close at 1686.5. The buying pressure is not strong enough to support the bulls to come in, but however the market has to prepare for the bulls which seems to have invaded into the global markets.

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Plan A : Attempt buying if the market stands firm above 1684

Plan B : Cut below 1680
Plan C : Consider selling if the market surges but does not break above 1699
Plan D : Cut above 1703

FCPO

FCPO opened almost unchanged and stay put at 2260's for the first session. Dalian and soybean oil are slightly positive while Ringgit continue to hover around RM4.06 to RM4.07.

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Plan A : Sell if market rebounded but failed to support above 2268. Targets are 2255 and 2243.

Plan B : Buy if market supported firm above 2268. Targets are 2279 and 2286.

Plan C : Above 2278, no fresh position.

Plan D : Below 2258, 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.