Mcx free tips
Mcxstar Mcx free tips , commodity live market watch

HIREN GARASONDIA—–GOLD—-COMEX—-21 FEBRUARY REVIEW……..

Gold: February 21 review

 

Yellow metal (Gold) made a high @1643.95+ range today and made 7 years high due to Coronavirus fears globally. And gold prices have boosted more than 7% so far this year due to this type of economic situations.

 

Safe haven demand like Gold and Silver prices edged up today as the spread of Corona virus fears globally.

 

The decision came as a new Coronavirus outbreak, more than 75000+ affected and 2100+ people’s died in China due to corona virus. And it will effect widespread in all over the globe. and more than 26 died in outside of China.

 

After signed phase one trade deal between US-China in last month, Chinese reports on last Monday that they will grant exemption tariffs to US for energy and agriculture sectors.

 

Before US open, gold futures, April contract traded $1638.75 range, up +1.12% at early US hours.

 

US, Crude Oil WTI, prices made a high $54.23 range yesterday after API reported that made a bigger-than-expected crude oil inventories. Crude prices were also raised more than 10% so far from made a $53.11 a barrel on Feb.10 bottom on last week.

 

All Asian and European stocks futures traded flat to positive today.

 

By 08.17 AM ET, Dow 30 futures, March contract traded -85 points down, -0.29% down.

 

Gold and US Dollar prices should trade major effect at this type of Global tensions and uncertainty.

 

US Dollar Index futures, March contract made a two years high $99.817 range yesterday, and traded $99.655 range, down -0.13% against all baskets of major currencies.

 

Before US open, we should expect profit booking in hedge funds like Gold and Silver.

 

Intraday and weekly strategy for Gold is given below.

 

Entry point – $1643.00 – $1645.00 range

 

And keep R1 $1655.90

 

And wait S1 $1629.50

 

And wait S2 $1626.00

 

And wait S3 $1619.70

Previous: HIREN GARASONDIA—-AGAIN SELL SELL SELL…….GOLD+SILVER…42200+47750 G+S BEFORE 9PM-
Next: EQUITY STOCK CASH NIFTY BANKNIFTY FUTURE OPTION INTRADAY TIPS

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)
Today Lme Inventory Data, Mcx Free Tips, Mcx Live price, Mcx Supports, Mcx live chart, Mcx Don't Miss call free,