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Gold: September 24 review

What next for Gold: Trade hopes or Global Fears

Gold futures, December contact traded $1531.00 range, down -0.03% at early European hours.

All Asian and European stocks traded positive due to hopes of US-China trade talk in next month. Dow 30 futures, traded +82 points, up 0.32% at early European sessions.

US treasury secretary Mnuchin confirmed that US-China trade talks will confirmed in next month. And it will be given direct negative signals for safe heaven demands and Japanese Yen.

Silver futures, December contract traded $18.808 range and reached almost two week’s high today (+5% up trend yesterday). And we will hope that profit booking in precious metals will come very soon.

For intraday and weekly strategy for Gold:

Entry Point – $1531.00-$1533.50 range

And keep R1 $1539.90

And wait S1 $1515.00

And wait S2 $1510.00

And wait S3 $1502.00