Gold: September 25 review
What next for Gold: Trade hopes or Global Fears
Gold futures, December contact traded $1540.25 range, down -0.03% at early European hours.
All Asian and European stocks traded negative due to yesterday’s president Trump’s comment at UN assembly regarding China and Iran tensions.
Dow 30 futures, traded -45 points, down -0.15% at early European sessions.
Today’s three Fed official’s speeches should give negative impact for precious metals. And we will expect profit booking today.
For intraday and weekly strategy for Gold:
Entry Point – $1540.00-$1542.50 range
And keep R1 $1555.90
And wait S1 $1525.00
And wait S2 $1520.00
And wait S3 $1512.00