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HIREN GARASONDIA—COMEX—-GOLD REVIEW—-ARE U READY?-JOIN SEBI REGISTERED ANALYST…..

Gold: October 16 review

 

Gold prices traded flat to negative mode at early US hours after made a weekly [email protected] range yesterday.

 

Traders also keep an eye on latest update regarding trade war tensions between world’s two largest economies. They are not decided the tariff rate decision.

 

Dow 30 futures, traded -50 points, down -0.20% at early US hours.

 

US Dollar Index futures, December contract traded $98.015 range, down -0.02 at early hours and made a last 7days [email protected] range today.

 

At this time of uncertainty between leading economies, traders always buy hedge funds like Gold, Silver, Yen and Swiss Franc.

 

By 7.30AM ET, Gold futures, December contract traded $1483.50 range, up +0.01%.

 

Before US open, make intraday long positions in Gold and Silver.

 

Entry point – $1483.50-$1481.00 range

 

And keep S1 $1472.00

 

And wait R1 $1502.90

And wait R2 $1507.50

And wait R3 $1514.00

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About hiren_garasondia

About me--HIREN DHANJIBHAI GARASONDIA, SEBI registered research analyst from India(8+ years of experience). I am posting regularly on many trading sites. About calls--Intraday and holding calls in commodities segment(Gold and Silver) and currency segment(EU, GU, UJ and DX). Our main strategy is to provide good accuracy level. Please work with strict SL for short term TGTS. Our main focus are on USD, Gold and Silver calls. Please thoroughly analyze our post before trade. We will make sure that you have landed up at the right place. For more information, +91-972-516-7675(WhatsApp)
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