Gold: May 04 review (Intraday strategy for Gold )
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