Gold

Gold steadied on Wednesday, holding just below the key $1,300 level, as global stocks retreated, pointing to reduced appetite for riskier assets while investors awaited clarity on the U.S.-China trade front.

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Plan A : Attempt selling if gold price fails to breach and stays firm above 1297.4

Plan B : Cut above 1302.8

Plan C : Consider buying if gold price stood firm above 1294.1

Plan D : Cut below 1288.8

HSI/HSI Warrants

U.S. stocks ended higher on Wednesday as reports that U.S. President Donald Trump would hold off on imposing tariffs on imported cars and parts eased growth concerns, even as economic data disappointed investors.

Hong Kong stocks rebounded to close higher on Wednesday as weak economic data from China reinforced expectations that Beijing will roll out more stimulus, while a slight softening in rhetoric from U.S. President Donald Trump eased trade worries.

FKLI sustained firm above 1600's for the whole session after it recovered from the support at 1595. However, the market failed to further surge after it tipped at 1610 and started to declined and closed at 1604.5. It seems to be a little shaky still, but if it can sustain above 1607.5 today, it may be a light at the end of the tunnel for the buyers.
 

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