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HIREN GARASONDIA—-GOLD—-COMEX—-MAY 04 REVIEW—INTRADAY STRATEGY FOR GOLD

Gold: May 04 review (Intraday strategy for Gold )

Technical review:

The next area for attention is below $1700.50 range (Near S1-Today’s low) and keeps down trend till $1666.20 range (major support level ).

On the other side, I am looking at $1737.00(Near term R1-Thursday’s High), and if break above R1, Gold prices high $10 to $15 up trend but major resistance level $1788.80 range(all time high).

For intraday trading point of view, short Gold and Silver prices at every high level.

Intraday strategy for Gold is given below.

Entry point – $1724.50 – $1727.50 range

And keep R1 $1737.00

And wait S1 $1697.00
And wait S2 $1690.00
And wait S3 $1676.40

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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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