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HIREN GARASONDIA—-GOLD—-COMEX REVIEW—-ARE U READY???…….1 LAST FREE TRIAL CALL..

Gold: January 07 review

 

Gold prices traded near six years high again today also as traders await Iran’s next move.

 

Gold prices neared $1600 an ounce after a U.S. drone strike killed General Qassem Soleimani. And made a high @1588.13 range yesterday, the highest level since 2013.

 

All Asian and European stocks jumped today as a yesterday’s profit booking.

 

Dow opens slightly lower, but we should expect tech giant support profit booking today. Dow 30 futures, March contract traded -55 point, down -0.19% at morning US sessions.

 

US Dollar Index futures, March contract traded $96.740 range and made a last 7 days high@96.750 today against all major currencies.

 

US Dollar Index and Gold prices traded inversely effect at that time of global crisis and geopolitical tensions.

 

Palladium prices reached a record high $2042.91 range today and it rose more than 50% last year as the best performing commodities on 2019 year.

 

Traders will also keep on focus for Friday’s US job’s data and next movement for Fed monetary policy decision.

 

On US-China trade war, both countries will expected to sign phase 1 trade deal as on 15th Jan, 2020. And we should also keep an eye for phase 2 trade deal.

 

By 10.25 AM ET, Gold futures, February contract traded $1572.95 range, up +0.24%.

 

Expectation of profit booking in precious metals today.

 

Intraday and weekly strategy for Gold is given below.

 

Entry point – $1572.95- $1575.00 range

 

And keep R1 $1585.50

 

And wait S1 $1558.00

 

And wait S2 $1554.50

 

And wait S3 $1549.00

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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)

NOTE : You are advised to take your position with your sense and judgment.The views and investment tips expressed by users on MCXStar.com are their own, and not that of the website or its management. MCXStar.com advises users to check with certified experts before taking any investment decisions. If any other company also giving same script and recommandation then we are not responsible for that. We have not any position in our given scripts. Visiting our web one should by agree to our terms and condition and disclaimer also. All credit goes to original authors of post on this website. Website owner is not responsible for any loss due to your own decision or judgement.This is only Mcx Free Tips for Commodity Market Education purpose for How to trade in Mcx Market only watch this mcx free tips we are not to say Make any trade in mcx market.Thanks for Visiting our Website.

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