Gold prices pared gains on Thursday after hitting three-week highs earlier in the session as a set of better than expected U.S. data lifted the dollar.

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Plan A : Attempt buying only if gold price trades firmly above 1307.7

Plan B : Cut below 1303.2

Plan C : Consider selling if gold price attempt rebound but fails to breach above 1310

Plan D : Cut above 1316.1

FCPO

FCPO opened lower today but rebounded at second session after a firm footing at 2152. Dalian closed slightly weak while soybean oil is insignificant at the moment. Ringgit on the other hand stays firm at RM4.05.

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Afternoon Plan

Plan A : Buy if market retraced but supported firm above 2167. Targets are 2189 and 2198.

Plan B : Sell if market failed to support above 2167. Targets are 2153 and 2138.

Plan C : Above 2177, no fresh position.

Plan D : Below 2157, 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.