October 30 review
Today is a Fed day.
Expectation of again rate cut by Fed reserve today and given chances for negative trend for precious metals like Gold and Silver.
After bell rang, Gold futures, December contract traded $1498.00 range at early US hours.
By 10.10 AM ET, Dow 30 futures, December contract traded -30 point, down -0.12%.
Expectation of profit booking in Gold and Silver today.
Entry point – $1498.00 – $1501.00 range
And keep R1 $1510.00
And wait S1 $1482.00
And wait S2 $1478.00
And wait S3 $1468.00