Gold: October 08 review

Fed meeting will start at the end of this month. And chances of Fed rate cut decision to 69.5% against 78% from last week.

Traders always keep an eye at this time of Global fears, US-China trade war uncertainty, Hong Kong drama. Safe heaven demands like Gold, Silver, UJ and Swiss Franc traded positive at this time of situations.

Dow 30 futures traded -32 points, down 0.12% range at early European hours and closed down trend Monday also

Gold futures, December contract traded $1494.50 range, down -0.08 range at early European hours.

For intraday and BTST strategy for Gold given below.

Entry point – $1494.50-$1492.00 range

and keep S1 $1484.00

and wait R1 $1508.50
and wait R2 $1512.00
and wait R3 $1517.90

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)
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