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HIREN GARASONDIA—-GOLD COMEX REVIEW—RU READY???–RU STILL LOSS G+S?+91-972-516-7675

Gold: October 24 review

 

After Bell rang and today’s consumer durable, unemployment claims and home sales data, Gold prices raises above $1505.75 range today.

 

Dow 30, traded -80 points, down -0.31% at early US hours.

 

By 10.15 AM ET, US Dollar Index, December futures traded $97.400 range, up +0.19% against all major currencies.

 

Today’s Draghi’s news regarding negative side effects for financial system and he should expect to restart again QE programmed as soon as possible.

 

The final meeting of Draghi will again push the safe heaven demands. But traders also keep in mind for this month’s Fed rate cut decision. And we will expect more positive news for Trade war.

 

All European markets traded positively around 0.70-1.25% range after this comments.

 

Gold futures, December contract traded $1505.75, up +0.62% at early US hours.

 

Expectation of profit booking in Hedge funds like Gold and Silver will come very soon.

 

For Intraday and Weekly strategy for Gold given below.

 

Entry point – $1505.75-$1508.00 range

 

And keep R1 $1519.50

 

And wait S1 $1488.90

And wait S2 $1484.00

And wait S3 $1475.00

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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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