CS GOLD STRATEGY: -: CONSOLIDATE STRATEGY BUY ON DIP R2-28700 R1-28300 S1-27700 S2-27300
Gold dropped as pressure seen after a fresh batch of upbeat U.S. economic indicators but downside seen limited due to escalating tensions in eastern Ukraine.
A recent run of positive U.S. data has fuelled speculation the Fed will further pare its gold-friendly monetary stimulus measures.
SPDR gold trust holdings dropped by 0.60 tonnes i.e. 0.08% to 795.00 tonnes from 795.60 tonnes.
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