Gold: October 01 review

Yesterday’s US administration news regarding not disrupted US-China capital flows. And solid performance by US tech giant Apple and Microsoft also given positive signals for US Dollar.

According to officials, Last week’s, to delist Chinese companies at US stock exchanges was a fake report. It was also given support for sharpfall in Gold and Silver yesterday.

US Dollar index, against a basket of six major currencies traded, 99.210 range, up +0.18 at early European hours.

Hedge funds like Gold and Silver and Dollar traded inversely effect at this type of situations.

Gold futures, December contract traded, $1467.00 range, down -0.40 range at early European hours and traded almost 2 week low.

Expectation of profit booking will come very soon in precious metals.

Intraday and BTST strategy for Gold and Silver:

Entry point – $1467.00-$1465.00 range

And keep S1 $1455.00

And wait R1 $1482.00
And wait R2 $1486.00
And wait R3 $1492.50

About hiren_garasondia

About me--HIREN DHANJIBHAI GARASONDIA, SEBI registered research analyt from India. and post regularly on many trading sites. About calls--Intraday and holding calls in commodities(Gold and Silver) and currency(EU, GU, UJ and DX) markets. Our main strategy to provide good accuracy lewel calls for short term TGTS and work with strictly SLs. Our main focus as on USD, Gold and Silver calls. Please check and analyze our post before trade. and hope that you have landed up at the right place. For more information, +91-972-516-7675(what's app)
Today Lme Inventory Data, Mcx Free Tips, Mcx Live price, Mcx Supports, Mcx live chart, Mcx Don't Miss call free,